NEW YORK (TheStreet) -- Shares of Ctrip.com International (CTRP - Get Report) were gaining 4.97% to $75 Tuesday after the Chinese online travel booking company beat analysts' estimates for earnings and revenue in the second quarter.
Ctrip.com reported earnings of 30 cents a share for the second quarter, above analysts' estimates of 16 cents a share for the quarter. Revenue grew 46.8% year over year to $407.6 million for the quarter, compared to analysts' estimates of $406.79 million.
The company said it expects third quarter revenue to grow between 45% and 50% from the year-ago quarter. Ctrip.com reported revenue of $346.95 million in the third quarter of 2014.
Analysts expect Ctrip.com to report revenue of $496.21 million for the third quarter of 2015.
"Accommodation reservation, air ticketing and transportation ticketing maintained strong year-over-year volume growth of 55%, 60% and 106% respectively, with high revenue quality and sales and marketing efficiency," Chairman, CEO James Liang said in a statement. "Such performance, coupled with increased revenue generation and improved cost control of our new businesses, has allowed us to remain the most profitable travel company in China."
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, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and generally higher debt management risk."
You can view the full analysis from the report here: CTRP Ratings Report