NEW YORK (TheStreet) -- Shares of Ctrip.com  (CTRP - Get Report) are gaining by 1.83% to $39.97 in mid-morning trading on Thursday, after the company reported better-than-expected results for the 2016 first quarter. 

After yesterday's market close, China's largest online travel agency reported a loss of 3.49 yuan per ADS vs. analysts' estimates for a loss of 3.62 yuan per ADS. 

Revenue surged by 80% year-over-year to 4.2 billion yuan, above analysts' expectations of 4.14 billion yuan.

Sales and marketing expenses accounted for 33% of net revenues, up from 30% a year ago. 

But the increase was "primarily due to the consolidation of Qunar's financial results," Ctrip.com said in a statement. 

Separately, TheStreet Ratings team rates the stock as a "buy" with a ratings score of B-.

Ctrip's strengths include its solid stock price performance, robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and impressive record of earnings per share growth. 

You can view the full analysis from the report here: CTRP

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.