Priceline.com, Inc. (PCLN) Reports Favorable 2nd Quarter Revenues
Today, Priceline.com, Inc. reported positive financial results for the 2nd quarter 2009. Gross travel bookings increased 12.8% year over year, reaching a total of $2.38 billion for the 2nd quarter. Gross travel bookings, referring to the total dollar value, includes all taxes and fees of all travel services purchased by consumers. Priceline.com’s 2nd quarter revenues totaled $603.7 million, a 17.5% increase from a year ago. The company's international operations contributed $197.6 million in revenues in the 2nd quarter, showing a 20.1% increase (approximately 38% growth on a local currency basis). Priceline.com's gross profit for the 2nd quarter was $305.2 million,…