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Tuesday, November 4, 2014

Priceline's Revenue Forecast Falls Short of Estimates

Priceline Group Inc. forecast fourth-quarter sales that missed analysts' estimates, a sign customers are curbing travel plans while a rising U.S. dollar erodes the value of foreign revenue at the online travel company. Sales will rise by 11 percent to 18 percent, the Norwalk, Connecticut-based company said today.



via Norwalk Newswire http://www.bloomberg.com/news/2014-11-04/priceline-third-quarter-revenue-tops-estimates-on-global-growth.html

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