NEW YORK (TheStreet) -- Shares of Ctrip.com (CTRP) were gaining 14.6% to $74.88 on heavy trading volume Thursday after the Chinese online travel agency beat analysts' estimates for earnings and revenue for the first quarter.
Ctrip.com reported a loss of 15 cents a share for the first quarter, above analysts' estimates of a loss of 27 cents a share for the quarter. Revenue grew 46.8% year over year to $373.41 million for the quarter, beating analysts' estimates of $ 362.6 million.
The company narrowed its 2015 revenue growth guidance to between 45% and 50% from its previous guidance of 40% to 50% growth for the year.
About 5.1 million shares of Ctrip.com were traded by 10:11 a.m. Thursday, above the company's average trading volume of about 2.7 million shares a day.
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, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity."