Priceline.com posts higher profit, names new CEO

Reuters

Nov 7 (Reuters) - Priceline.com, the online travelagency known for its name-your-own price auction, on Thursdaysaid quarterly profit rose and named a new president and chiefexecutive as of next year.

Darren Huston, current CEO of the company's Booking.com B.V.(Netherlands) unit, will become president and chief executive ofPriceline.com on Jan. 1. Current CEO Jeffery Boyd will stay onas chairman of the board, the company said.

Net income was nearly $833 million, or $15.72 a dilutedshare, in the third quarter, compared with $596.6 million, or$11.66 a share, a year earlier.

Shares of the company dipped 3 percent in after-hours tradefollowing its earnings announcement.

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