On Nov. 9, Ctrip.com International (NASDAQ:CTRP), a travel services company, released third-quarter earnings for the period ended Sept. 30.

  • Sales increased by 51.7%, driven by a 30% increase in hotel reservation revenues.
  • Gross margin dropped because more revenue came from lower-margin airline ticketing and packaged tours.
  • Diluted EPS remained the same at $0.25, while diluted shares increased 1.8%.
  • Ctrip has a four-star rating in Motley Fool CAPS.

(Figures in thousands, except per-share data)

Income Statement Highlights

Q3 2006

Q3 2005

Change

Sales

$26,335.5

$17,364.6

51.7%

Net Profit

$8,185.3

$8,097.3

1.1%

EPS

$0.25

$0.25

0.0%

Diluted Shares

33,366.8

32,772.5

1.8%



Get back to basics with a look at the income statement.

Margin Checkup

Q3 2006

Q3 2005

Change*

Gross Margin

79.0%

82.9%

(3.9)

Operating Margin

30.8%

44.4%

(13.6)

Net Margin

31.1%

46.6%

(15.6)

*Expressed in percentage points

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q3 2006

Q3 2005

Change

Cash + ST Invest.

$96,077.6

$82,204.0

16.9%

Accounts Rec.

$17,111.6

$7,976.4

114.5%



Liabilities

Q3 2006

Q3 2005

Change

Accounts Payable

$17,988.0

$7,122.9

152.5%

Long-Term Debt

$0.0

$0.0

N/A



Learn the ways of the balance sheet.

Cash Flow Highlights

No data provided.

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Related Companies:

  • Digital Insight (NASDAQ:DGIN)
  • Expedia (NASDAQ:EXPE)
  • IAC/Interactive (NASDAQ:IACI)

Related Foolishness:

Ctrip.com is a Motley Fool Hidden Gems recommendation. A free trial will help you learn more about finding undiscovered small caps with huge potential. For further research on stocks, check out CAPS, the Fool's newest community.

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