Priceline.com (PCLN) beat earnings and revenue estimates. Earnings per share beat by $0.56 a share while revenue rose 29%. Priceline attributed the strong quarter to a boom in bookings for hotel stays, airline tickets and rental cars at the end of the quarter. Guidance for the current quarter did fall short of expectations.
Hewlett-Packard (HPQ) also beat earnings estimates by $0.06 a share on surprisingly strong PC sales to businesses. Revenue fell 1%, though that beat estimates. HP also raised its earnings guidance for 2014.
Groupon (GRPN) beat earnings estimates by $0.02 a share. Revenue rose 20.4% from the previous year, which also beat estimates. Shares of Groupon briefly rose 18% in extended trading on that news, but then came the bad news that sent share sharply lower. Groupon forecast a loss of two to four cents a share for the current quarter, below analysts' estimates. The company says it plans to spend more to advertise its online marketplace.
And Dish Network (DISH), the nation's second largest satellite-television provider, beat earnings estimates this morning by $0.22 while revenue rose 7% from the previous year, but missed Wall Street estimates. Dish added about 654,000 pay-TV subscribers in the last quarter and 8,000 more net broadband subscribers. Shares of Dish are up almost 63% since this time last year.
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