Ctrip.com (CTRP) Tops Q4 EPS by 7c, Offers Outlook
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Brean Capital Remains Bullish on Ctrip.com (CTRP) Following a Solid 4Q Beat
March 17, 2016 9:37 AM EDTBrean Capital maintained a Buy rating on Ctrip.com (NASDAQ: CTRP), and cut the price target to $56.00 (from $65.00), following the company's 4Q earnings report. Net revenue came in at RMB 2.9bn, implying 50% YoY growth, above consensus expectations of 47%. Non-GAAP EPS was $0.11, beating the consensus expectation by 7 cents. accommodation revenue grew 41% YoY primarily driven by volume growth. The company will consolidate QUNR financials starting in 1Q16. 1Q16... More
