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US-PRICELINE-RESULTS:Priceline.com fourth-quarter profit rises
(Reuters) - Priceline.com, the online travel agency known for its name your own price auction, on Tuesday reported higher quarterly profit, citing improved hotel and car-rental reservations, and its shares rose in extended trading.
The company, which competes with Expedia Inc and Orbitz Worldwide, said fourth-quarter net income of $288.7 million, or $5.63 per share, compared with $225.7 million, or $4.41 per share, a year earlier.
Shares of Priceline.com were up 5.2 percent after the company announced its financial results.
(Reporting by Karen Jacobs)
Source:Reuters.
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