Ctrip Q1 Results Top Estimates

(RTTNews) - Chinese online travel services provider Ctrip.com International, Ltd. (CTRP) reported a net Loss attributable to shareholders for the first quarter of RMB126.0 million or RMB0.90 per ADS, compared to net income attributable to shareholders of RMB115.4 million or RMB0.75 per ADS for the year-ago quarter.

Excluding share-based compensation charges, adjusted earnings for the latest quarter was RMB0.23, or US$0.04, per ADS.

Net revenues for the first quarter rose 46% to RMB2.44 billion, or US$394.14 million, from RMB1.67 billion in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to report a loss of US$0.27 per share on revenue of US$362.60 million for the first quarter.

For the second quarter, the company expects to continue the net revenue growth year-on-year at a rate of approximately 45-50%.