SHANGHAI (AP) _ Ctrip.com International Ltd. (CTRP) on Wednesday reported second-quarter net income of $48.2 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Shanghai-based company said it had profit of 9 cents.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The travel services company posted revenue of $953.1 million in the period. Its adjusted revenue was $946.4 million, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $914.4 million.
Ctrip.Com shares have increased 32 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $52.72, a rise of 11 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CTRP at https://www.zacks.com/ap/CTRP
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Keywords: Ctrip.Com, Earnings Report
