Travel booking website Priceline.com (NASDAQ:PCLN) reported third quarter earnings after the close of trading yesterday.
The company said profits more than doubled, to $469.5 million, or $9.17 per share, from $223 million, or $4.41 per share, in last year's third quarter.
Adjusted earnings totaled $9.95 per share, well ahead of analyst estimates.
Revenue surged 45%, to $1.5 billion, Priceline said, also ahead of analyst expectations.
Gross travel bookings rose 56%, to $6.3 billion.
However, Priceline is forecasting fourth quarter earnings of $4.90 to $5 per share, short of Wall Street expectations.
Rival Expedia's (NASDAQ:EXPE) TripAdvisor site released a travel trends survey today that suggested 31% of U.S. travelers will spend more on travel in 2012 than in 2011.
49% said they would spend the same amount on travel.
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