UTA running with CTRP hotlinktuna, they report next tuesday 11/16
Ctrip.com International 3Q profit up 80 percent
Ctrip.com International says 3rd-quarter profit rose 80 percent on higher sales; shares jump
SHANGHAI (AP) -- Ctrip.com International Ltd., a Chinese travel service provider, said Wednesday its third-quarter profit rose 80 percent on higher revenues from hotel and flight reservations and tour bookings.
The company, based in Shanghai, earned 188.5 million yuan ($27.6 million), or 2.65 yuan (39 cents) per share, in the quarter that ended Sept. 30. That is up from the 104.5 million yuan, or 1.52 yuan per share, a year earlier.
Adjusted per-share profit of 3.03 yuan (44 cents) per share beat a 32 cent per share prediction of analysts polled by Thomson Reuters.
Revenue rose 47 percent to 583.4 million yuan ($85.5 million) from 397 million yuan. Analysts had expected $72.2 million in revenue.
The company said hotel reservations rose 41 percent, flight bookings rose 45 percent and packaged tour revenues rose 93 percent over a year earlier.
It also said it expects fourth-quarter revenue to grow by 25 percent to 30 percent.
