One of my worst blunders of 2010 was selling Priceline.com (PCLN) in the low $200s after booking a very nice gain.  In the 15 or so months since, it has rallied another 150%ish.  As Homer S would say DOH!.  I would think at some point the expectations would be too high for this company to continue to beat, but that day has yet to come.  The company just reported a $2.66 v $2.45 expectation on a 38.5% year over year revenue growth rate.   International sales are blockbuster! (+80%)  Maybe next quarter's $4.40 estimate will be the one to trip up the name, but it's been a steamroller for a long time now.

Via earnings report:

  • The Group had revenues in the 1st quarter of $809.3 million, a 38.5% increase over a year ago. The Group's international operations contributed revenues in the 1st quarter of $389.1 million, an 80% increase versus a year ago (approximately 79% on a local currency basis). 
  • The Group's gross profit for the 1st quarter was $505.8 million, a 58.5% increase from the prior year. International operations contributed gross profit in the 1st quarter of $388.2 million, an 81% increase versus a year ago (approximately 79% growth on a local currency basis).
  • Non-GAAP net income in the 1st quarter was $137.0 million, a 57.1% increase versus the prior year.  Non-GAAP net income was $2.66 per diluted share, compared to $1.70 per diluted share a year ago. First Call analyst consensus for the 1st quarter 2011 was $2.44 per diluted share. 

[Feb 24, 2011: Priceline.com Delivers Again]

[Aug 3, 2010: Priceline Rides Foreign Markets for Huge Earnings Beat]

[Feb 23, 2010: IBD - Could Priceline.com and Expedia Hit Headwinds?]

[Feb 18, 2010: Priceline.com - Another Stellar Earnings Report]

[Nov 10, 2009: Priceline.com Hits an Earnings Home Run]

[Aug 10, 2009: Priceline.com - Recession Recsmession! Continued Impressive Results]

[May 14, 2009: Priceline.com in Investors Business Daily]

[May 11, 2009: Priceline.com Continues to Execute Well]

[Feb 19, 2009: Priceline.com Impresses on Earnings]

[Aug 6, 2008: Priceline.com - Down 17% on Good Earnings?]

[May 8, 2008: 2 Earnings Reports of Note: AIG (AIG) and Priceline (PCLN)]

No position