The Priceline Group Inc. on Wednesday reported fourth-quarter net income of $504.3 million.
On a per-share basis, the Norwalk, Connecticut-based company said it had profit of $10. Earnings, adjusted for stock option expense and amortization costs, came to $12.63 per share.
The results surpassed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $11.83 per share.
The online booking service posted revenue of $2 billion in the period.
For the year, the company reported profit of $2.55 billion, or $49.45 per share. Revenue was reported as $9.22 billion.
For the current quarter ending in April, Priceline expects its per-share earnings to range from $9 to $9.60. Analysts surveyed by Zacks had forecast adjusted earnings per share of $9.83.
Priceline shares have fallen 13 percent since the beginning of the year, while the Standard & Poor’s 500 index has declined slightly more than 7 percent. The stock has increased roughly 1 percent in the last 12 months.
This story was generated by Automated Insights using data from Zacks Investment Research.