Ctrip.com International, Ltd. (CTRP) Reports Fourth Quarter Results Above Expectations

Analyst C. Ming Zhao at SIG Susquehanna has released an update on Ctrip.com International, Ltd. (ADR) (NASDAQ: CTRP).

Ctrip.com reported fourth quarter earnings that came in line with SIG’s expectations, but ahead of consensus. The company reported revenue of $82.9 million, a 43% increase, in line with SIG’s estimate of $82.6 million and ahead of consensus of $80.8 million.

The company reported GAAP EPS of $0.10. According to SIG, the company’s current valuation has come to a more reasonable level. SIG Susquehanna has maintained a Neutral rating for Ctrip.com International, Ltd.