Priceline Shares Turn Higher After Earnings Report (PCLN)

Shares of Priceline PCLN have turned higher in the after hours session after initially trading down sharply following an earnings report. The online travel company reported earnings of $3.40 per share on revenues of $731 million. Wall Street expected earnings of $3.09 per share on revenues of $735 million. The company said it is targeting a first quarter revenue increase of 29%-34%, and it sees Q1 adjusted earnings of $2.34-$2.44 per share. At last check, shares of Priceline were trading at $434.56.