=Ctrip (CTRP) reported earnings on Wed 22 Feb 2017 (a/h)

Ctrip beats by $0.18, beats on rev; guides Q1 rev above consensus :

• Reports Q4 (Dec) earnings of $0.32 per share, excluding non-recurring items, $0.18 better than the Capital IQ Consensus of $0.14; rev +76% to $730 mln vs. $724.3 mln consensus, primarily due to the consolidation of the financial results of Qunar Cayman Islands Limited starting from Dec 31, 2015. Gross margin was 78% for the fourth quarter of 2016, compared to 73% in the same period in 2015, and remained consistent with the previous quarter.
• Co issues upside guidance for Q1, sees Q1 revs of +40-45% to ~$888-920 mln vs. $867.60 mln Capital IQ Consensus Estimate.