Ctrip.com Gets Analyst Downgrade After Q3 Earnings

By | November 26, 2014

Scalper1 News

Ctrip.com International (CTRP) earned a downgrade from one analyst after the company’s third-quarter earnings report late Tuesday revealed tighter-than-expected operating margins due to increased competition for China’s leading travel consolidator. The company’s stock took a dive, plunging more than 9% to about 53 on the stock market today. Ctrip allows consumers to buy hotel rooms, airline tickets and packaged tours through its call center and Scalper1 News

Scalper1 News