One of my worst blunders of 2010 was selling Priceline.com (PCLN) in the low $200s after booking a very nice gain. In the 15 or so months since, it has rallied another 150%ish. As Homer S would say "DOH!" I would think at some point the expectations would be too high for this company to continue to beat, but that day has yet to come. The company just reported a $2.66 v $2.45 expectation on a 38.5% year over year revenue growth rate. International sales, which are now almost half of the business, were blockbuster! (+80%) They just moved guidance well over analysts $4.40 for next quarter as well.
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Via earnings report:
- The group had revenues in the 1st quarter of $809.3 million, a 38.5% increase over a year ago. The group's international operations contributed revenues in the 1st quarter of $389.1 million, an 80% increase versus
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