Priceline Profit Beats Estimates as Hotel Bookings Soar by Reuters @FortuneMagazine August 4, 2016, 5:38 PM EDT E-mail Tweet Facebook Linkedin Share icons Online travel services company Priceline pcln reported a better-than-expected jump in quarterly profit as hotel bookings rose and forecast current-quarter earnings largely above estimates. Shares of the company, which operates Booking.com, Priceline.com and Kayak.com, rose 6.09% in extended trading on Thursday. Priceline said it expected an adjusted profit of $28.30 to $29.80 per share for the third quarter ending Sept. 30. Analysts on average were expecting $28.99 per share, according to Thomson Reuters I/B/E/S. Get Data Sheet, Fortune’s technology newsletter. The company expects revenue to rise between 12% and 17%. Analysts were expecting revenue of $3.57 billion. The Norwalk, Connecticut-based company said hotel bookings rose 24.4% in the second quarter, while car rental bookings rose 7.6%. Total gross bookings increased 19.4% in the quarter. The company’s net income rose to $580.64 million, or $11.60 per share, in the second quarter ended June 30, from $517.0 million, or $9.94 per share, a year earlier. Priceline CEO on Leading Leaders Excluding items, Priceline earned $13.93 per share. Revenue rose 12.1% to $2.56 billion. Analysts on average had expected earnings of $12.69 per share and revenue $2.58 billion. Rival Expedia expe reported lower-than-expected quarterly revenue last week as bookings slowed due to “network and infrastructure stability issues” related to integration of Orbitz oww , which it bought last year. Up to Thursday’s close of $1,359.99, Priceline’s stock had risen 7.54% this year.