KYAK Halted: Priceline Agrees to Buy at $40; Q3 Rev, EPS Beat
Online discount travel booker Kayak (KYAK) this afternoon reported revenue and earnings per share that topped consensus estimates. Revenue in the three months ended in September rose to $78.6 million, yielding EPS of 26 cents. Analysts had been modeling $77.4 million and 19 cents. The stock has been halted after shares rose 50 cents, or [...]
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