Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Ctrip.com traveled higher today, up by as much as 26% after the company posted a solid earnings beat.
So what: Revenue in the second quarter totaled $203 million, easily trouncing the consensus estimate of $190.4 million. The $0.36 per share in adjusted profit also made short work of the $0.17 per share that investors expected.
Now what: CEO James Liang said the company is navigating the transition to mobile platforms effectively, and transactions through mobile channels tripled year over year. Mobile transactions contributed to more than 20% of hotel bookings and 15% of air ticket bookings. Third-quarter sales growth is expected to continue at 20% to 25% relative to the prior year.
Interested in more info on Ctrip.com? Add it to your Watchlist by clicking here.
Tax increases that took effect at the beginning of 2013 affected nearly every American taxpayer. But with the right planning, you can take steps to take control of your taxes and potentially even lower your tax bill. In our brand-new special report "How You Can Fight Back Against Higher Taxes," The Motley Fool's tax experts run through what to watch out for in doing your tax planning this year. With its concrete advice on how to cut taxes for decades to come, you won't want to miss out. Click here to get your copy today -- it's absolutely free.
The article Why Ctrip.com Shares Traveled Higher originally appeared on Fool.com.Fool contributor Evan Niu, CFA has no position in any stocks mentioned. 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.