NEW YORK (TheStreet) --Shares of Ctrip.com International Ltd. (CTRP) are climbing higher by 22.13% to $56.35 on heavy volume in mid-morning trading on Friday, after the online Chinese travel company said revenue for the 2014 fourth quarter grew by 33% to $308 million.
The company added that it expects revenue to continue to rise in the first quarter of fiscal 2015 by 40% to 50%.
Analysts polled by Thomson Reuters were expecting Ctrip.com to post revenue of $304.78 million for the most recent quarter.
Ctrip.com reported a net loss for the 2014 fourth quarter. On an adjusted basis the company's earnings were a loss of 11 cents per share, but still better than the loss of 28 cents per share analysts had forecast.
Separately, TheStreet Ratings team rates CTRIP.COM INTL LTD as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate CTRIP.COM INTL LTD (CTRP) a HOLD. The primary factors that have impacted our rating are mixed-some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity."
You can view the full analysis from the report here: CTRP Ratings ReportCTRP data by YCharts