Newsletter: Ctrip's second-quarter results exceed expectations

Beijing time July 31 Morning News, Ctrip (NASDAQ:CTRP) today announced the second quarter ended June 30, 2014 without the audit earnings. The report showed that Ctrip's net revenue for the second quarter was 1.7 billion yuan (about 278 million U.S. dollars), an increase of 38% per cent, and a net profit attributable to shareholders of 135 million yuan (about 22 million USD), down 36% per cent year-on-year.

According to Yahoo's financial data, 14 of Wall Street analysts average estimates that Ctrip's share of U.S. depository Receipts (ADS) earned 0.11 dollars in the second quarter, according to General accounting standards in the US. Earnings showed that the second quarter of Ctrip's ads diluted earnings of 0.14 U.S. dollars, more than analysts expected.

In addition, on average, 13 Wall Street analysts estimate that Ctrip's total revenue will reach $269.26 million trillion in the second quarter. Earnings showed that Ctrip's net revenue for the second quarter was $278 million trillion, exceeding analysts ' expectations. (Tangfeng)