Priceline recently reported its Q3 2012 earnings and despite an anticipated deceleration in growth from Europe, it posted solid quarter with a 17% y-o-y and 29% q-o-q growth.
Despite maintaining a conservative estimate for its Q3 2012 earnings, Priceline saw growth in all its business segments, which translated into a 17% y-o-y and 29% q-o-q increase in its Q3 earnings.
Despite revenues declining by 7% q-o-q and 2% y-o-y in the first quarter, we believe the company performed well in a tough market and has a lot to look forward to this year.