Ctrip.com International Ltd. (CTRP) on Wednesday reported a loss of $244.8 million in its first quarter.

On a per-share basis, the Shanghai-based company said it had a loss of 54 cents. Earnings, adjusted for stock option expense, were 9 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 67 cents per share.

The travel services company posted revenue of $648 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $632.9 million.

Ctrip.Com shares have declined 15 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $39.25, a rise of 3 percent in the last 12 months.

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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 http://www.zacks.com/ap/CTRP

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Keywords: Ctrip.Com, Earnings Report

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Photo Credit: Ctrip's headquarters in Shanghai opened in 2008. Ctrip