Priceline revenue jumps 19 percent as hotel bookings rise

(Reuters) – Travel website operator Priceline Group Inc reported a 19 percent jump in quarterly revenue, driven by higher hotel bookings, sending its shares up 5.2 percent in extended trading. However, the company’s net income fell to $506.0 million, or $10.13 per share, in the third quarter ended Sept. 30, from $1.20 billion, or $23.41 per share, a year earlier. The company said on Monday it incurred a non-cash charge of $941 million relating to an impairment of OpenTable’s goodwill. Excluding items, the company earned $31.18 per share. Revenue rose to $3.69 billion from $3.10 billion. …

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