October 10, 2004 |
In folksy TV commercials, William Shatner trades on his "Star Trek" fame to sell Earth-bound travelers on the 21st century concept of bidding for travel on Priceline. What Capt. Kirk doesn't mention is that Priceline, an "opaque" site on which travelers make offers for hotel rooms, rental cars and airline tickets, among other products, isn't for everyone.
November 5, 2003 |
Priceline.com Inc., an Internet seller of discount travel services, reported third-quarter net income of $8.5 million as hotel and rental-car bookings helped sales increase for the first time in seven quarters. However, Priceline's stock fell after the company predicted fourth-quarter earnings of 2 cents to 8 cents a share, trailing analysts' average estimate of 11 cents a share as reported by Thomson First Call.
March 19, 2003
* Discount online travel company Priceline.com said it was paying $8.5 million in cash for a stake in Travelweb, the online lodging company owned by a consortium of major hotels, including Beverly Hills-based Hilton Hotels Corp. Travelweb will replace Hotels.com as the supplier of U.S. and Canadian lodging on Priceline's Lowestfare.com Web site. * Andrx Corp.
November 6, 2002 |
Priceline.com Inc., a seller of discounted travel on the Internet, said its third-quarter loss widened as sales fell 21% because of a slump in air travel. The company said it will cut jobs. The net loss swelled to $24.3 million, or 11 cents a share, from $3.59 million, or 2 cents, a year earlier. Revenue fell to $240 million. Shares of Norwalk, Conn.-based Priceline.com rose 21 cents to $2.31 on Nasdaq, before earnings were announced.
August 1, 2002 |
Priceline.com Inc., a seller of discounted travel services on the Internet, said second-quarter earnings more than doubled as cost cutting made up for lower airline ticket sales. Net income rose to $6.31 million, or 3 cents a share, from $2.82 million, or 1 cent, a year earlier, the company said. Revenue fell 16% to $304.5 million. Excluding stock-based pay, preferred stock dividends and other costs, profit would have been $6.32 million, or 3 cents a share, Priceline.com said.
November 2, 2001 |
Priceline.com Inc. on Thursday reported better-than-expected operating profit for the third quarter and raised its forecast for the fourth quarter, sending its shares up in after-hours trading. The Internet travel agency earned $6.29 million, or 3 cents a share, in the third quarter, compared with a loss of $2.22 million, or 1 cent, a year ago, excluding one-time items in both periods. The company said it benefited from cost-cutting amid a decline in bookings. Sales fell 12% to $302 million.