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Strategies & Market Trends : Greater China Stocks

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From: Julius Wong	11/24/2016 9:52:55 PM
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Ctrip +10% after earnings, Skyscanner purchase Ctrip.com (NASDAQ: CTRP) +10.1% AH after reporting better than expected Q3 earnings and revenues, and guiding Q4 revenues above consensus; the online travel company also announces an agreement to acquire Skyscanner Holdings in a deal that values the travel search website for ~£1.4B ($1.74B). Skyscanner serves 60M monthly active users and is available in more than 30 languages. Ctrip says Q3 non-GAAP operating margin was 18%, its best showing since early 2014, driven by operating efficiency improvements across the board. Ctrip also now sees Q4 revenues of $754M-$776M (+70%-75% Y/Y) vs. $745M analyst consensus estimate.

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