Expedia (EXPE)- Online travel agency Expedia Inc said its quarterly net profit fell on increased expenses related to technology investments and international expansion, but bookings rose 10 percent. First-quarter net profit slipped to $52 million, or 19 cents per share, from $59.4 million, or 20 cents per share, a year earlier. Expedia was the first of the three publicly traded online travel agencies to report earnings for the quarter. Priceline (PCLN) and Orbitz Worldwide (OWW) report next Thursday. Experts have said the plan could help unlock value for the high-growth TripAdvisor travel site business as Expedia invests in product enhancements to bolster its competitive positioning.
Amazon.com (AMZN)- Amazon.com Inc apologized to customers for an outage at its Web hosting business that caused some websites to crash, saying it would credit them for their inconvenience. Although Amazon.com is best known as one of the world's biggest shopping sites, it is also one of the largest provider of Web hosting services, an area where it competes with Google Inc (GOOG), Microsoft Corp (MSFT) and several smaller companies.
Dangdang (DANG)- E Commerce China Dangdang Inc is the 1st fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 70.3%. This number is based on the average estimate of 3 brokerage analysts.
priceline.com (PCLN)- The Benchmark Company raised its target price to $660 from $570 ahead of Priceline's quarterly results scheduled for Thursday, based on hotel demands metrics continue to show acceleration, especially overseas. The firm feels the company's leading position in the European and Asia/Pacific hotel markets should allow bookings to accelerate to a 50% rate.
NetFlix (NFLX)- Netflix Inc. is an online movie rental service. The company delivers its rentals by regular mail, using DVDs, or by its internet streaming service. Netflix's current stock range is defined by a trough, which marks calculated support at $225.15 and by a peak that marked the resistance point at $254.98. These levels are closely watched by traders managing their positions.
Today's stocks to watch: Apple AAPL, Broadcom BRCM, DISH Network DISH, iShares Silver Trust ETF SLV, Priceline.com PCLN, Research In Motion RIMM, Tenet Healthcare THC, and Teva Pharmaceutical TEVA.
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