Ctrip.com International Ltd. Earnings: Here’s Why Investors are Happy Now
Ctrip.com International Ltd. (NASDAQ:CTRP) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0%.
Ctrip.com International Ltd. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 66.67% to $0.3 in the quarter versus EPS of $0.18 in the year-earlier quarter.
Revenue: Rose 29.16% to $186.85 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Ctrip.com International Ltd. reported adjusted EPS income of $0.3 per share. By that measure, the company beat the mean analyst estimate of $0.12. It beat the average revenue estimate of $172.63 million.
Quoting Management: “We are glad to report strong results in the first quarter of 2013,” said James Liang, Chairman of the Board and Chief Executive Officer of Ctrip. “We have made solid progress and gained market shares across major business lines. We will continue to focus on our mobile strategy, improve price competitiveness, strengthen partner relationships, and enhance marketing effectiveness. Our goal is to become the one-stop travel platform with best products, best services, and best prices for our customers. We are excited to capture the opportunities in the travel industry in China and will work hard to elevate our leadership to the next level.”
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