SHANGHAI (AP) _ Ctrip.com International Ltd. (CTRP) on Monday reported a second-quarter loss of $59 million, after reporting a profit in the same period a year earlier.
The Shanghai-based company said it had a loss of 11 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 33 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.
The travel services company posted revenue of $1.27 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $1.25 billion.
Ctrip.Com shares have risen 30% since the beginning of the year. In the final minutes of trading on Monday, shares hit $35.11, a drop of 6.5% in the last 12 months.