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Pro-Trader Daily: Earnings Review and Free Research Report: Priceline Group's Adjusted Diluted EPS Increased 20% on a Y-o-Y Basis

Research Desk Line-up: Interpace Diagnostics Post Earnings Coverage

LONDON, UK / ACCESSWIRE / August 28, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on The Priceline Group Inc. (NASDAQ: PCLN) ("Priceline"), which can be viewed by registering at http://protraderdaily.com/optin/'symbol=PCLN, following the Company's reporting of its financial results on August 08, 2017, for the second quarter of the fiscal year 2017. The Company's revenue increased 21% on a y-o-y basis. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

Get more of our free earnings reports coverage from other constituents of the Business Services industry. Pro-TD has currently selected Interpace Diagnostics Group, Inc. (NASDAQ: IDXG) for due-diligence and potential coverage as the Company announced on August 10, 2017, its financial results for Q2 2017 which ended on June 30, 2017. Register for a free membership today, and be among the early birds that get access to our report on Interpace Diagnostics when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on PCLN; also brushing on IDXG. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/'symbol=PCLN

http://protraderdaily.com/optin/'symbol=IDXG

Earnings Reviewed

For the three months ended June 30, 2017, Priceline's total revenue increased 21% to $3.02 billion on a y-o-y basis from $2.56 billion in Q2 FY16. During Q2 FY17, the Company's Agency revenue increased 25.9% to $2.33 billion on a y-o-y basis and Merchant revenue decreased 3.8% to $498.13 million on a y-o-y basis. The total revenue surpassed analysts' expectations of $3.0 billion.

During Q2 FY17, the Company's gross travel bookings increased 16% on a y-o-y basis, or 19% on a constant currency basis, to $20.8 billion.

During Q2 FY17, Priceline's gross profit increased 21%, or 24% on a constant currency basis, to $2.95 billion from $2.43 billion in Q2 FY16. For the reported quarter, the Company's gross margin increased 280 basis points to 97.7% of revenue from 94.9% of revenue in Q2 FY16.

During Q2 FY17, Priceline's adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) increased 20% to $974.14 million from $812.12 million in Q2 FY16. For the reported quarter, the Company's depreciation and amortization (D&A) expenses increased 10.5% to $85.87 million from $77.71 million in Q2 FY16.

During Q2 FY17, Priceline's operating income increased 22% to $893.26 million from $732.41 million in the same quarter of last year. During Q2 FY17, the Company's operating margin increased 100 basis points to 29.6% of revenue from 28.6% of revenue in Q2 FY16.

During Q2 FY17, Priceline's net income increased 24% to $720.21 million on a y-o-y basis, from $580.64 million in Q2 FY16. For the reported quarter, the Company's adjusted net income increased 20% to $757.93 million on a y-o-y basis from $630.38 million in Q2 FY16. For the reported quarter, the Company's diluted earnings per share (EPS) increased 24% to $14.39 from $11.60 in Q2 FY16. During Q2 FY17, Priceline's adjusted diluted EPS increased 20% to $15.14 on a y-o-y basis from $12.59 in Q2 FY16. The adjusted diluted EPS surpassed analysts' expectations of $14.25.

Balance Sheet

As on June 30, 2017, Priceline's cash and cash equivalents increased 26.4% to $2.63 billion from $2.08 billion in Q4 FY16.

During Q2 FY17, the Company's accounts payable increased 42.7% to $598.20 from $419.11 million in Q4 FY16.

During Q2 FY17, the Company's long-term debt was $7.56 billion compared to $6.17 billion in Q4 FY16.

During H1 FY17, Priceline's cash provided by operating activities was $1.60 billion compared to $1.37 billion in H1 FY16.

Outlook

For Q3 FY17, Priceline expects gross travel bookings to grow 11% - 16% on a y-o-y basis and gross profit to grow 15.5% - 20.5% on a y-o-y basis.

The Company estimates diluted EPS to be in the range of $31.7 - $33.4 and adjusted diluted EPS to be in the range of $32.4 - $34.1 for Q3 FY17.

For Q3 FY17, the Company expects adjusted EBITDA to be in the band of $2.03 million - $2.13 million.

Stock Performance

At the closing bell, on Friday, August 25, 2017, Priceline's stock slipped 1.21%, ending the trading session at $1793.48. A total volume of 421.96 thousand shares have exchanged hands. The Company's stock price surged 9.89% in the past six months and 26.70% in the previous twelve months. Moreover, the stock rallied 22.33% since the start of the year. The stock is trading at a PE ratio of 38.10 and currently, has a market cap of $89.06 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

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SOURCE: Pro-Trader Daily

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