SHANGHAI (AP) _ Ctrip.com International Ltd. (CTRP) on Wednesday reported first-quarter net income of $687 million.
On a per-share basis, the Shanghai-based company said it had profit of $1.11. Earnings, adjusted for non-recurring gains, were 44 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.
The travel services company posted revenue of $1.22 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $1.18 billion.
Ctrip.Com shares have risen 39% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $37.66, a drop of 13% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CTRP at https://www.zacks.com/ap/CTRP