“Priceline.com Inc. (PCLN), the largest U.S. online-travel agent by market value, forecast second-quarter profit that missed analysts’ estimates as international expansion exposes the company to economic swings in Europe.
Profit, excluding some items, will be $8.87 to $9.45 a share in the current period, the Norwalk, Connecticut-based company said in a statement yesterday. Analysts were projecting a profit of $9.59, according to data compiled by Bloomberg….”
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