Ctrip (CTRP) PT Bumed to $54 at Brean Capital Following Strong Results
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Ctrip.com (CTRP): Raising PT After Margin Improvement - Instinet
November 25, 2016 7:22 AM ESTInstinet analyst, Jialong Shi, reiterated his Buy rating on shares of Ctrip.com (NASDAQ: CTRP), after Ctrips 3Q diluted EPS beat consensus of CNY0.78 on better margins.
The company posted in-line 26% YoY revenue growth to CNY5.6bn. Its operating margin improved 18pp YoY to 18%, backed by both cost savings and operating leverage. Ctrip trimmed headcount at its call centre by 16% YoY in 3Q as a result of increased adoption... More
Ctrip.com (CTRP) Tops Q3 EPS by 6c
November 23, 2016 5:59 PM ESTCtrip.com (NASDAQ: CTRP) reported Q3 EPS of $0.17, $0.06 better than the analyst estimate of $0.11. Revenue for the quarter came in at $836 million versus the consensus estimate of $810.87 million.
"We are very pleased with the strong top line growth and significant margin improvement in the third quarter of 2016," said James... More
Ctrip.com (CTRP) to Acquire Skyscanner Holdings
November 23, 2016 5:56 PM ESTCtrip.com International, Ltd. (Nasdaq: CTRP) announced that it signed a definitive agreement with the majority shareholders of Skyscanner Holdings Limited ("Skyscanner"), a leading global travel search site headquartered in Edinburgh, the United Kingdom, under which Ctrip will acquire all of such shareholders' shares in Skyscanner and will offer to acquire shares from the remaining shareholders of Skyscanner. The terms of the acquisition value Skyscanner at approximately £1.4 billion and the purchase consideration consists of cash mainly, the remainder consisting of Ctrip ordinary shares and loan notes.
The boards of directors of the... More
