Ctrip.com Int'l (CTRP) Tops Q2 EPS by 3c

After the close, Ctrip.com Int'l (NASDAQ: CTRP) reported Q2 EPS of $0.14, $0.03 better than the analyst estimate of $0.11. Revenue for the quarter came in at $278 million versus the consensus estimate of $269.26 million.

For the third quarter of 2014, the Company expects to continue the net revenue growth year-on-year at a rate of approximately 30-35%.

"We have continued to maintain an accelerated growth rate in the second quarter of 2014," said James Liang, Chairman and Chief Executive Officer of Ctrip. "Both accommodation reservation and transportation ticketing services achieved strong volume growth at 64% and 83% year-over-year respectively. During the second quarter of 2014, approximately 80% of Ctrip's total transactions were booked online or through mobile channels. Ctrip has successfully built an industry-leading mobile travel platform by offering travelers the most comprehensive products with the most competitive prices and the best user experience. The number of Ctrip Mobile App downloads has reached 200 million, growing at a rate of 60% quarter-over-quarter. Total mobile transaction value for the second quarter of 2014 more than tripled from a year ago and the peak daily transaction value exceeded RMB 220 million recently."

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

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