The Priceline Group (PCLN) reported its Q2 results recently. If the post-earnings stock price movement is a gauge of the online travel giant's latest quarter performance, you'd believe that the company disappointed massively. But did it really disappoint?
Priceline Q2 2017 Earnings: A Quick Look
Priceline reported Q2 EPS of $15.14, on revenue of $3.02 billion. And as we had noted in our Priceline Q2 earnings preview, the company easily beat Wall Street expectations. Also, as we had anticipated, the earnings beat wasn't enough to lift the stock. Priceline stock price is down by over 11.7% following the earnings announcement. So, why did the stock correct and is this pullback a buying opportunity?
