Name-your-price pioneer Priceline.com announced Monday that it cut its second-quarter loss to a bare penny per share, excluding special items, as revenues topped $352 million (US$). The Norwalk, Connecticut-based retailer of airline tickets, hotel rooms, rental cars, gasoline, telephone long distance and other products and services said growth in repeat customers and reduced advertising and marketing costs helped more than triple revenues from the same period last year.
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Priceline Beats Street, Eyes Profitability
Posted by: Mark Henricks July 24, 2000 12:00 AMName-your-price pioneer Priceline.com announced Monday that it cut its second-quarter loss to a bare penny per share, excluding special items, as revenues topped $352 million (US$). The Norwalk, Connecticut-based retailer of airline tickets, hotel rooms, rental cars, gasoline, telephone long distance and other products and services said growth in repeat customers and reduced advertising and marketing costs helped more than triple revenues from the same period last year.