Ctrip's Growth Accelerating
Quarterly growth in earnings and revenue is accelerating at China-based Ctrip.com (CTRP) . EPS growth on a year-ago basis popped from 6% to 19%, 22% and 52% in recent quarters. Sales grew from 19% to 21%, 28% and 48%. Sequential growth in the fourth quarter, however, is unlikely because of seasonality. Historically, the third quarter is the peak quarter for the travel industry. About a third of Ctrip's revenue is online. The rest is tied to call
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