Ctrip.com International Ltd. (ADR) (CTRP) Releases Earnings Results, Beats Expectations By $0.06 EPS

Ctrip.com International Ltd. (ADR) (CTRP) announced its most recent quarterly financial results on Wednesday, Nov-23-2016. CTRP said it had a profit of $0.17 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.11. The company posted revenue of $849.94 million in the period, compared to analysts expectations of $820.65 million. CTRP’s revenue was up 61.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.10 EPS.

Many Wall Street Analysts have commented on Ctrip.com International Ltd. (ADR). Ctrip.com International Ltd. (ADR) was Initiated by Credit Suisse to “Outperform” on Sep 2, 2016. Ctrip.com International Ltd. (ADR) was Resumed by JP Morgan to “Overweight” on Aug 31, 2016.

Ctrip.com International Ltd. (ADR) closed down -0.29 points or -0.69% at $42.02 with 24,09,811 shares getting traded on Monday. Post opening the session at $42.31, the shares hit an intraday low of $41.46 and an intraday high of $42.73 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Ctrip.com International Ltd. is a travel service provider for hotel accommodations transportation ticketing services packaged tours and corporate travel management in China. The Company aggregates hotel and flight information to enable business and leisure travelers to make informed bookings. The Company also helps customers book tour packages and guided tours. In addition its corporate travel management services help corporate clients manage their travel requirements. The Company also offers Internet-related advertising and other related services. The Company enables its customers to choose and reserve hotel rooms in cities throughout China and abroad; book and purchase transportation tickets for domestic and international flights and trains and choose and reserve packaged tours that include transportation and accommodations as well as guided tours and other value-added services in some instances.

Ctrip.com International Ltd. (ADR)

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