April 3, 2001 |
Priceline.com Inc. said its first-quarter loss will be about 5 cents a share as the Internet seller of airline tickets and hotel reservations cut costs and took less time to respond to customers. Its shares rose 21%. The loss, excluding restructuring charges, supplier warrants and stock-based compensation, will be "at the favorable end" of its February estimate of 5 cents to 7 cents. Priceline has fired 34% of its staff and postponed expansion plans. Shares of Norwalk, Conn.-based Priceline.
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.
December 8, 2000 |
Priceline.com Inc. said it will indefinitely postpone expansion into new businesses and fire about 11% of its work force, or 48 people, as it focuses on sales of airline tickets and other services. Priceline.com won't enter the business-to-business, term life insurance and cellular-telephone markets, the company said in a statement. It also ended discussions with Softbank Corp. about starting a Japanese version of its Web business. Shares of Norwalk, Conn.-based Priceline.
June 22, 2000 |
Priceline.com Inc., which lets customers bid on the Internet for plane tickets and other items, said Albertson's Inc.'s Jewel-Osco division will join its WebHouse online service in Chicago and Milwaukee. Shoppers will be able to use Priceline WebHouse Club Inc.'s name-your-own price system to buy groceries and pick them up at 191 Jewel-Osco stores, starting today. Priceline WebHouse said it plans to offer purchases through 10,000 grocery stores by August, up from 5,000 now.
June 27, 2002 |
Online travel company Priceline.com Inc. lowered its revenue forecast due to slower June sales, sending its stock sliding more than 30%. The news came just three weeks after the company reaffirmed its second-quarter outlook. Priceline shares closed down 97 cents at $2.83 on Nasdaq after tumbling as low as $2.48, their lowest point since September.
March 24, 2000 |
Priceline.com Inc., the "name-your-own-price" Internet commerce firm, said it has retooled and expanded its home mortgage service, which is expected to generate $1 billion in loans this year. The Norwalk, Conn.-based company said its PricelineMortgage service, which guarantees rate points and closing costs, is being launched across the United States. It had been test-marketed in Florida and New York City since late last year. Priceline shares gained $1 to close at $88 on Nasdaq.