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Priceline Q4 Earnings Easily Beat, Top Line Edges, Stock Jumps

Priceline remains a leader in the online travel market. (Priceline.com)

Priceline Group (PCLN) reported fourth-quarter earnings after the market close Monday that edged analyst estimates on revenue but easily beat on the bottom line.

The online travel company reported revenue of $2.35 billion, up 21% from Q4 2015. Wall Street's consensus estimate was $2.32 billion.

Priceline reported earnings per share minus items of $14.21, up 32% and beating the consensus of $13.01.

Shares were up 1.5% in after-hours trading Monday, following the earnings release. Priceline cleared a 1,600.10 buy point on Feb. 8 and remains in buy range, rising a small fraction in Monday's regular session to 1,632.01.

Online travel services provider Expedia (EXPE) reported Q4 results last month that missed on the bottom line but edged on the top.

Expedia stock closed Monday at 118.69, down 0.4%.

Early Monday, Cowen analyst Kevin Kopelman issued a research note on Priceline that maintained an outperform rating and price target of 1,800.

RBC Capital Markets analyst Mark Mahaney last week issued a research note on Priceline that maintained an outperform rating and price target of 1,850.

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