• Priceline up on emerging growth

Priceline Group reported a 26% increase in quarterly revenue, to USD1.64bn, driven by growth in newer markets such as Asia-Pacific, South America and Eastern Europe.

The company warned that second-quarter profit would be below estimates, citing a decline in its “name-your-own-price” segment. The group plans to increase advertising spending in the second quarter, having deferred because of severe winter weather in the US.

Read the full story here: http://ir.pricelinegroup.com/index.cfm

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