InternetPriceline's 2Q rises, but shares fall after hours (AP)
AP - Priceline.com Inc. said Tuesday that second-quarter earnings surged 56 percent, however the online travel company noted some weakness in its international bookings and rental car business and shares dropped in after-hours trading.
NEW YORK - Priceline.com Inc. said Tuesday that second-quarter earnings surged 56 percent, however the online travel company noted some weakness in its international bookings and rental car business and shares dropped in after-hours trading. Shares plunged $22.20, or 18.9 percent, to $95, in aftermarket electronic trading, after gaining $5.48, or 4.9 percent, to close at $117.20 in the regular session. The stock has traded between $59.50 and $144.34 during the past 52 weeks. Earnings for the three months ended June 30 rose to $54.1 million, or $1.08 per share, from $34.6 million, or 79 cents per share, in the year-ago period. Excluding special items, earnings totaled $78.5 million, or $1.55 per share. Revenue grew 44 percent to $514 million, from $355.9 million last year. Analysts surveyed by Thomson Financial, who generally exclude special items, forecast earnings of $1.41 on revenue of $495.7 million. Although the overall results topped forecasts, Goldman Sachs analyst Jennifer Watson said investors may initially focus on the weaker-than-expected international bookings, particularly because that segment "has been the primary topline and profit growth driver." Quarterly gross travel bookings gained 71 percent, but international... [ Read more on www.yahoo.com ]
InternetGoogle to serve up ads for NBC's online Olympics coverage (AFP)
AFP - Google on Tuesday announced that freshly-acquired DoubleClick will be used to weave video ads into NBC's online coverage of the Olympics in Beijing.
InternetGiant online security hole getting fixed, slowly (AP)
AP - A giant vulnerability in the Internet's design is allowing criminals to silently redirect traffic to Web sites under their control. The problem is being fixed, but its extent remains unknown and many people are still at risk.