Priceline Shares Fall On Weak Outlook

NEW YORK (AP) — Shares of The Priceline Group Inc. fell Wednesday after a weaker-than-expected outlook tempered strong first-quarter profit and revenue results. The stock fell almost 11 percent in midday trading Wednesday. The report comes a week after CEO Darren Huston resigned following an investigation into a personal relationship with an employee. Profit rose 12.3 percent to $374.4 million, or $7.47 per share.

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