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Actionable news in CTRP: Ctrip.com International, Ltd.,

Ctrip.Com tops Street 3Q forecasts

SHANGHAI (AP) _ Ctrip.com International Ltd. (CTRP) on Wednesday reported third-quarter profit of $184.7 million.

On a per-share basis, the Shanghai-based company said it had profit of 32 cents. Earnings, adjusted for stock option expense, came to 41 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.

The travel services company posted revenue of $1.2 billion in the period. Its adjusted revenue was $1.19 billion, also topping Street forecasts. Three analysts surveyed by Zacks expected $1.15 billion.

Ctrip.Com shares have climbed 19 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $47.55, a rise of 9.5 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CTRP at https://www.zacks.com/ap/CTRP


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