Ctrip.com (CTRP) Tops Q2 EPS by 12c

Ctrip.com (NASDAQ: CTRP) reported Q2 EPS of $0.30, $0.12 better than the analyst estimate of $0.18. Revenue for the quarter came in at $408 million versus the consensus estimate of $406.79 million.

"We saw continued robust growth across all business lines," said James Liang, Chairman of the Board and Chief Executive Officer of Ctrip. "Both our accommodation reservation and transportation ticketing businesses reached record-high revenues of over RMB1 billion, a landmark achievement in China's online travel industry. Accommodation reservation, air ticketing and transportation ticketing maintained strong year-over-year volume growth of 55%, 60% and 106% respectively, with high revenue quality and sales and marketing efficiency. Such performance, coupled with increased revenue generation and improved cost control of our new businesses, has allowed us to remain the most profitable travel company in China. We will continue to enhance our core competencies, strengthen our leadership and strive for a balance between investment and profitability in the coming quarters."

For the third 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.

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

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