Priceline promotes Huston to CEO; 3Q profit grows

Nov 08, 2013

(AP)—Priceline Group is promoting one of its executives to CEO, taking over from Jeffery Boyd.

Boyd, who has been CEO since 2002, will remain the travel website's chairman.

Priceline says Darren Huston will take over as CEO and president and join the board on Jan. 1. He's currently head of hotel reservation service Booking.com, a unit of Priceline.

The Norwalk, Conn., company also said Thursday that its profit rose 40 percent in the third quarter to $833 million as bookings for flights, rental cars and hotels rose and increased.

Priceline's earnings outlook for the fourth quarter fell short of Wall Street's projection, however.

Shares are down 1 percent to $1,011 in after-hours trading.

Explore further: Banjo's ability to track events in real time gives clients competitive edge

Related Stories

EBay CEO cites 'uncertainty' for weak 4Q outlook

Oct 17, 2013

EBay said the growth rate of e-commerce in the United States is slowing as it delivered a weaker than expected profit and revenue outlook for the current quarter through December. The company's third-quarter earnings edged ...

Deutsche Telekom adds more US customers

Nov 07, 2013

Telephone company Deutsche Telekom said Thursday it made a net profit of 588 million euros ($793 million) in the third quarter as it continued to add customers at T-Mobile USA.

Recommended for you

Shyp reclassifies contract couriers as employees

4 hours ago

Shyp, the quickly growing startup that provides on-demand courier services, said Wednesday it would reclassify its contract workers as employees, becoming the latest high-profile tech company to change how it compensates ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.