Priceline.com (PCLN) Shares Fall 15%

Shares of Priceline.com Incorporated PCLN were down 15.12% at $212.00 per share on Tuesday morning. Although Priceline.com Inc released financial results after the market closed on Monday that beat Wall Street expectations, the company also warned that 2nd quarter earnings could suffer due to the Euro's woes, problems caused by the spreading volcanic ash from Iceland and Thailand's ongoing protests. Priceline.com Inc reported earnings, excluding special items, of $1.70 per share, on revenue of $584.4 million. A poll of analysts by Thomson Reuters found the consensus Wall Street estimate expecting earnings of $1.66 per share, on revenue of $597.2 million. Priceline.com Inc also had disappointing 2nd quarter guidance news for investors, forecasting earnings of $2.50 to $2.70 per share, much lower than the Wall Street consensus of $2.83 earnings per share.
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