Priceline.com Loss Widens as Sales Fall
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From Bloomberg News
Priceline.com Inc., a seller of discounted travel on the Internet, said its third-quarter loss widened as sales fell 21% because of a slump in air travel. The company said it will cut jobs.
The net loss swelled to $24.3 million, or 11 cents a share, from $3.59 million, or 2 cents, a year earlier. Revenue fell to $240 million.
Shares of Norwalk, Conn.-based Priceline.com rose 21 cents to $2.31 on Nasdaq, before earnings were announced.
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