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    Monday, November 09, 2009

    Priceline.com Third-quarter Profit Rises

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    By Wallace Witkowski
    MarketWatch Pulse
       

      SAN FRANCISCO -- Priceline.com Inc. said late Monday that its third-quarter profit rose to $319 million, or $6.42 a share, from $84.5 million, or $1.74 a share, in the year-ago period. Excluding one-time items, the company would have reported adjusted earnings of $3.45 a share in the latest quarter. Revenue rose to $730.7 million from $561.6 million last year. Analysts surveyed by FactSet Research estimated a quarterly profit of $2.90 a share on revenue of $686.3 million. Priceline.com estimates earnings of about $1.06 to $1.16 a share for the fourth quarter.

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