Ctrip's Growth Accelerating
Posted on January 15, 2010 at 18:11 PM EST
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