Priceline.com Inc.'s (PCLN) fourth-quarter profit more than doubled as the online travel company's bookings continued to soar. Shares jumped 6.7% to $227.20 in after-hours trading as revenue topped the company's bullish expectations and it projected strong first-quarter results. Shares have more than tripled over the past 12 months. The company pointed to the strong performance of its international business, where gross bookings soared 70% on a local currency basis due to new markets, growth in hotel supply and results from its Agoda.com site in Asia. Frederick Moran, analyst at Benchmark Company, said the results also showed Priceline was solidifying its lead in the European hotels booking business.

Read the full article at WSJ.com