Priceline.com shares fall with predictions for an underwhelming third-quarter
Skift Take
Although Priceline.com's profits and revenue rose in Q2, the company expects to take a hit on European bookings impacted by the recession and increased competition with Expedia for U.S. business.
Shares of Priceline.com Inc. may be "dead money" in the near term, a Citi analyst on Wednesday, but he urged investors to pick up more shares in preparation for a recovery.
The Norwalk, Conn., discount travel website operator's stock tumbled 15 percent in electronic trading before the opening bell Wednesday. The company warned late Tuesday that the weakening European economy was w
