Ctrip closed down 8.48% in Wednesday

November 27 Morning News, Ctrip (NASDAQ:CTRP) opened in Wednesday Low open, the opening was a decline of more than 10%, up to the close of Ctrip 8.48% reported 53.5 U.S. dollars.

Ctrip yesterday released the third quarter of fiscal year 2014 as of September 30 without the audit results. The report showed that Ctrip's net revenue for the third quarter was 2.1 billion yuan (about 347 million U.S. dollars), an increase of 38% per cent, up from analysts ' earlier forecasts, and a net profit of 217 million yuan (about 35 million US dollars) for the company's shareholders, which fell 42% per cent year-on-year.

Data from Yahoo's financial summary show that 14 analysts average estimates, according to the U.S. General Accounting Standards (GAAP), Ctrip in the third quarter of each share of U.S. depository Receipts (ADS) diluted earnings of 0.20 U.S. dollars, the company's third-quarter ads revenue of 0.22 U.S. dollars, more than analysts expected.

Goldman Sachs issued its investment report, maintaining the "neutral" rating of Ctrip, and lowered its target share price by 9% to 59 dollars. (Feng Zi)