Ctrip Miss, Sales View Hit Stock
Chinese online travel leader Ctrip International (CTRP) late Tuesday reported fourth-quarter earnings that missed analyst estimates by a penny, though sales beat views.The Shanghai-based company said per-share profit rose 46% to 19 cents from 13 cents a year earlier. Analysts were expecting earnings of 20 cents. That expectation is the consensus of just four analysts polled by Thomson Reuters, but it was the first quarter Ctrip missed earnings views