Ctrip.com International, Ltd. (NASDAQ:CTRP), China’s largest online travel agency, gave investors a lot to celebrate today. The company had a blowout quarter and, as a result, CTRP stock opened up a sizzling 13% on Thursday, hitting an all-time high.
In Q1, the company posted a 46% jump in revenues to $373 million, which handily beat the Street consensus of $363 million. Ctrip showed solid performance across all its main lines of business: accommodations (up 45%), transportation (up 46%) and packaged tours (up 53%)
While the company did post a loss of 15 cents per share, it was still much better than the year-ago loss of 26 cents per share. Analysts were expecting a loss of 25 cents per share. Read