Ctrip.com Beats Q4 Estimates
Feb 1st 2013 6:09PM
Updated Feb 1st 2013 7:15PM
Ctrip.com International reported Q4 and 2012 results today. For the quarter, the company's revenues were 1.1 billion yuan ($175 million), a gain of 19% on a year-over-year basis. Non-GAAP net income was 306 million ($49 million; $0.35 per diluted share), a 12% decline from Q4 2011. That was, however, much higher than the $0.25 EPS expected by analysts.
For fiscal 2012, Ctrip.com posted net revenues of 4.2 billion yuan ($668 million), 19% higher than 2011's result. Net came in at 1.1 billion yuan ($175 million; $1.28 EPS), 19% lower on a year-over-year basis.
The firm provided guidance for its current quarter, saying that it anticipated year-on-year net revenue growth of around 15%-20%. It did not speculate on profitability.
The company's shares were up by around 3% following the announcement of the results.
The article Ctrip.com Beats Q4 Estimates originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Ctrip.com International. The Motley Fool recommends and owns shares of Ctrip.com International. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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