Piper Jaffray is Bullish Following Strong Q1 by Ctrip.com (CTRP)
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Ctrip Reports Unaudited First Quarter of 2015 Financial Results
May 13, 2015 6:00 PM EDTSHANGHAI, May 13, 2015 /PRNewswire/ -- Ctrip.com International, Ltd. (Nasdaq: CTRP), a leading travel service provider of accommodation reservation, transportation ticketing, packaged tours and corporate travel management in China ("Ctrip" or the "Company"), today announced its unaudited financial results for the first quarter ended March 31, 2015.
Highlights for the First Quarter of 2015
Net revenues were RMB2.3 billion (US$373 million) for the first quarter of 2015, up 46% year-on-year. Accommodation reservation volume increased 60% year-on-year, and accommodation reservation revenues increased 45% year-on-year, reaching RMB952 million (US$154 million) for the first quarter of 2015. Transportation ticketing volume... More