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The Priceline Group Inc. Message Board

  • speakwithlove speakwithlove Nov 7, 2013 4:31 PM Flag

    It's a major beat boys. Who cares about the CEO?

    Priceline reported quarterly earnings and revenue that beat analysts' expectations on Thursday.

    The company also announced that it will split the role of CEO and chairman and promote Darren Huston to President and CEO. Jeffery H. Boyd, who had been president and CEO, will remain as chairman.

    The company's shares briefly fell after the announcement but later wavered. (Click here to track the company's shares.)

    The online travel company posted third-quarter earnings excluding items of $17.30 per share, up from earnings of $12.40 a share in the year-earlier period.

    Revenue increased to $2.27 billion from $1.71 billion a year ago.

    Analysts had expected Priceline to report a profit of $16.15 per share on $2.22 billion in revenue, according to a consensus estimate from Thomson Reuters.

 
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