PRICELINE STOCK FALLS ON SHORTFALL FORECAST

NORWALK, Conn. -- Priceline.com here said last week it anticipates a shortfall in anticipated sales for the third quarter ended Sept. 30 -- an announcement that resulted in an immediate 42% drop in the company's stock price last Wednesday.In the wake of the stock's decline last week, industry analysts told SN they were not sure what the longterm impact would be.News of the anticipated shoftfall came

NORWALK, Conn. -- Priceline.com here said last week it anticipates a shortfall in anticipated sales for the third quarter ended Sept. 30 -- an announcement that resulted in an immediate 42% drop in the company's stock price last Wednesday.

In the wake of the stock's decline last week, industry analysts told SN they were not sure what the longterm impact would be.

News of the anticipated shoftfall came from Daniel H. Schulman, president and chief executive officer of Priceline.

Register to view the full article

test - Advanced Registered User

Already a member? .