Revenue Update on Ctrip.com International Ltd. (ADR)(NASDAQ:CTRP)

Ctrip.com International Ltd. (ADR)(NASDAQ:CTRP) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Nov 23, 2016. Company reported revenue of $849.93M. Analysts estimated a revenue of $816.18M. The revenues were $33.76M or 4.14% above the estimates. Earnings per share were $0.17. The reported EPS was above estimates by $0.25 or 312.50%. Analysts had estimated an EPS of $-0.08.

In a different note, On Sep 2, 2016, Credit Suisse said it Assumes its rating on Ctrip.com International Ltd. (ADR). The shares have been rated ‘Outperform’ by the firm. On Aug 31, 2016, JP Morgan said it Assumes its rating on Ctrip.com International Ltd. (ADR). The shares have been rated ‘Overweight’ by the firm.

Ctrip.com International Ltd. (ADR) (CTRP) made into the market gainers list on Fridays trading session with the shares advancing 9.81% or 4.02 points. Due to strong positive momentum, the stock ended at $45.01, which is also near the day’s high of $46.27. The stock began the session at $45.01 and the volume stood at 1,57,64,816 shares. The 52-week high of the shares is $55.6 and the 52 week low is $35.5. The company has a current market capitalization of $20,993 M and it has 46,64,13,130 shares in outstanding.

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.

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