Ctrip.com International (CTRP) Tops Q1 EPS by 11c, Sales Beat

Ctrip.com International (NASDAQ: CTRP) reported Q1 EPS of ($0.15), $0.11 better than the analyst estimate of ($0.26). Revenue for the quarter came in at $373 million versus the consensus estimate of $363.31 million.

Business Outlook

For the second quarter of 2015, the Company expects to continue the net revenue growth year-on-year at a rate of approximately 45-50%. This forecast reflects Ctrip's current and preliminary view, which is subject to change.

"We are pleased with the strong results delivered in the first quarter of 2015," said James Liang, Chairman of the Board and Chief Executive Officer of Ctrip. "Accommodation reservation and transportation ticketing services reached 60% and 104% year-over-year growth in volume, respectively. Total air tickets sold increased 64% on a yearly basis, a new record high. The investments that we have made over the past few years continue to gain strong momentum and the majority of our new initiatives grew 200%~800% year-over-year in the first quarter. Cumulative mobile app downloads reached approximately 800 million by the end of first quarter, an increase of over 550% from a year ago. Mobile channels accounted for around 70% of total online transactions this quarter. We look forward to seeing greater achievements in the coming quarters with our growth strategy and solid execution in technology, products and services."

For earnings history and earnings-related data on Ctrip.com International (CTRP) click here.

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