Priceline Group Inc PCLN shares are trading lower by $118 at $1331.90 in Monday's session. Despite a Q3 beat for EPS of $1.12 with slightly higher sales, the Street is focusing on lower Q4 guidance from estimates of $12.42 to the $11.10-$11.90 range.
The decline in pre-market trading has continued into the regular session. So far, it has reached $1135.20 and is not far off that level. Keep in mind, the issue rallied from its August 24 low ($1151.01) to a new all-time high on Thursday at $1476.52 and posted its all-time closing high last Wednesday at $1469.59.
Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.
Do you like this article? Do you have suggestions for improvement? Please email feedback@benzinga.com
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.