Priceline Partner Network To Power Travel Bookings For MapQuest (PRNewsWire)
Priceline Partner Network, a business unit of Priceline.com Inc (NASDAQ:PCLN), today announced a partnership with MapQuest to power its newly launched feature to book travel. MapQuest, the online travel brand, is a wholly owned subsidiary of AOL, Inc. (NYSE:AOL). The partnership will give travelers access to thousands of hotel, airline and rental car services through the MapQuest ecosystem, including within MapQuest Discover, which aims to help people imagine, plan, and now book upcoming trips, and MapQuest Travel Blogs, which allows users to share their trips with their friends, family or the world.
The New #29 Most Shorted Nasdaq 100 Component: Priceline.com (Forbes)
The most recent short interest data has been released by the NASDAQ for the 03/28/2013 settlement date, and we here at Dividend Channel like to sift through this fresh data and order the underlying components of the Nasdaq 100 by “days to cover.” There are a number of ways to look at short data, for example the total number of shares short; but one metric that we find particularly useful is the “days to cover” metric because it considers both the total shares short and the average daily volume of shares typically traded. …In our new rank based on the most recent short interest data from NASDAQ, Priceline.com Inc (NASDAQ:PCLN) has taken over the position of #29 most shorted Nasdaq 100 component, from Fossil Inc (NASDAQ:FOSL) which is now in the #40 spot. The “days to cover” at 03/28/2013 was 4.32 for PCLN, and 3.25 for FOSL; this compares to the average across all Nasdaq 100 components of 4.15 (up from the average back on the 03/15/2013 settlement date of 3.66). The chart below shows the movement over time of the “days to cover” values of both PCLN and FOSL, versus the average Nasdaq 100 component.
Profit at eBay Rises 19% (WSJ)
eBay Inc (NASDAQ:EBAY) -1.60% first-quarter profit rose 19% as the Internet retailer’s payments and marketplaces units continued to grow. The company expects second-quarter adjusted earnings of 61 cents to 63 cents a share on revenue of $3.8 billion to $3.9 billion. That’s below second-quarter estimates for earnings of 66 cents a share and revenue of $3.95 billion, according to analysts polled by Thomson Reuters. EBay backed its full-year outlook. EBay has been able to rely on its fast-growing PayPal unit, which processes payments, while nurturing a turnaround at its core marketplaces business.
EBay’s Sales Miss Estimates After Consumers Cut Online Spending (Bloomberg)
eBay Inc (NASDAQ:EBAY), operator of the world’s largest online marketplace, reported first-quarter revenue that missed some analysts’ estimates after higher taxes and economic concerns weighed on consumer spending in February. Sales were $3.75 billion, the company said in a statement today. That was less than the $3.77 billion average of analysts’ estimates, according to data compiled by Bloomberg. EBay also gave a forecast for second-quarter revenue and profit that fell short of projections.
eBay Inc. Reports Strong First Quarter 2013 Results (WSJ)
Global commerce platform and payments leader eBay Inc (NASDAQ:EBAY) today reported that revenue for the first quarter ended March 31, 2013, increased 14% to $3.7 billion, compared to the same period of 2012. The company reported first quarter net income on a GAAP basis of $677 million, or $0.51 per diluted share, and non-GAAP net income of $829 million, or $0.63 per diluted share. The year-over-year increase in first quarter GAAP and non-GAAP earnings per diluted share was driven primarily by strong top-line growth. Downloads of eBay Inc.’s suite of mobile apps expanded the company’s overall commerce footprint, surpassing 162 million since launch in the third quarter of 2008. eBay Inc. gained approximately 2.8 million new customers in the period through mobile, driving double-digit growth in active users at both PayPal and Marketplaces.
Austin startup Bypass lands eBay investment (BizJournals)
Mobile payment startup BypassLane.com has secured an investment from eBay Inc (NASDAQ:EBAY) to expand in music and sports venues. The Austin company did not disclose financial details but did say the new round brings its total funds raised to date to $3.5 million, TechCrunch reports. Bypass, which started in April 2010, launched a smartphone application designed to enable fans to order and pay for concession items from their seats at sports venues for a 99-cent transaction fee. The concessionaire texts the customer when the order is ready and sends a bill to the fan’s credit or debit card company.
