Priceline.com Inc. (NASDAQ: PCLN) earlier this week reported that it earned $115 million, or $2.26 per share, in the most recent quarter that ended in late June. Those numbers are up more than 70% from last year’s net income of $67.1 million, or $1.38 per share when the U.S. was still in the midst of what looked like a financial meltdown. The company’s adjusted income totaled $158.2 million or $3.09 per share, in the latest period. The quarters results which obliterated analysts forecasts sent shares of the online travel site through the roof Tuesday on its way to a 10-year high of $285 up nearly %55 from its prior days close after the company reported a 71% surge in second-quarter net income as travelers booked more trips. Revenue jumped 27% to $767.4 million from $603.7 million last year, with international operations contributing $322.6 million, up 63% versus a year ago

The company said the strong performance was once again driven by growth in global hotel reservations, as hotel room nights booked rose 48% from the prior year. International gross travel bookings increased 59%, due to rising travel demand and an improvement in room rates, with domestic bookings were up 20%. Priceline reported that bookings in the second quarter were $3.4 billion — up 43% from last year. However, flight and car reservations did not rise in proportion to the rest of Priceline.com’s business; this believed to be a result of airlines and rental car agencies scaling back to reduce costs.

Expedia Inc. (NASDAQ: EXPE) reported total revenue amounted to $833.9 million up significantly from the two previous quarters and up 7.6% from the same quarter the year earlier. Although Expedia’s numbers weren’t ground breaking, the show consistent improvement over the past several quarters and, was enough to help it ride the wave created by Priceline.com’s impressive quarterly numbers. Expedia also recently announced that it has agreed to sell $750 million aggregate principal amount of 5.95% in senior notes due 2020 in a private offering.  The Offering of the Notes is expected to close on August 5, 2010.  The Notes will be guaranteed by certain subsidiaries of Expedia. This round of capital raising only goes shows how wary investors still are of the boom or bust online travel industry with IBM being able to raise $1.5 billion in capital with three year notes at a mere 1%.

Orbitz Worldwide Inc. (NYSE: OWW) shares continued their week-long ascent this morning.  The company today posted better-than-expected quarterly profit, attributed to gains in travel bookings. Orbitz owns Orbitz.com and Cheaptickets.com, and is recovering from an industry-wide depression, reporting a 17% increase in bookings from a year ago. Orbitz said it expects to increase net revenue for the third quarter from 3% to 6%, in line with analyst expectations of $203.3 million. Second-quarter profit was $9.7 million, up from $10.3 million in the second quarter of last year. Net revenue rose 3% to $193.5 million.

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BeaconEquity.com is committed to producing the highest-quality insight and analysis of small-cap stocks, emerging technology stocks, hot penny stocks and helping investors make informed decisions. Our focus is primarily OTC stocks in the stock market today, which have traditionally been shunned by Wall Street. We have particular expertise with renewable energy stocks, biotech stocks, oil stocks, green energy stocks and internet stocks. There are many hot penny stock opportunities present in the OTC market everyday and we seek to exploit these hot stock gains for our members before the average daytrader is aware of them.

Beacon Equity Group Disclaimer

This newsletter is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Beaconequity.com is a wholly-owned subsidiary of BlueWave Advisors.

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.