The Priceline Group Inc. Q2 Income Climbs 8%

(RTTNews) - The Priceline Group Inc. (PCLN) released earnings for its second quarter that advanced compared to the same period last year.

The company said its bottom line rose to $702.63 million, or $13.93 per share. This was higher than $652.98 million, or $12.45 per share, in last year's second quarter.

Analysts had expected the company to earn $12.69 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 12.3% to $2.56 billion. This was up from $2.28 billion last year.

The Priceline Group Inc. earnings at a glance:

-Earnings (Q2): $702.63 Mln. vs. $652.98 Mln. last year. -Earnings Growth (Y-o-Y): 7.6% -EPS (Q2): $13.93 vs. $12.45 last year. -EPS Growth (Y-o-Y): 11.9% -Analysts Estimate: $12.69 -Revenue (Q2): $2.56 Bln vs. $2.28 Bln last year. -Revenue Change (Y-o-Y): 12.3%