Ctrip.com International Ltd.

Second-Quarter Results

Sales were up 27% from last year to $70 million. Earnings also came in strong at 35 cents per share, 7 cents ahead of the Zacks Consensus Estimate.

Gross margin was an amazing 77% for the quarter while operating margin held steady at 34%.

Estimates

Estimates have been climbing higher for the last few months, with the current year adding 9 cents and moving to $1.21 per share. The next-year estimate is pegged at $1.57, a bullish 30% growth projection.

Valuation

After the big run up in shares, this stock doesn't come cheap, currently trading at 47X projected current-year earnings.

The Chart

Shares of CTRP have been gaining since bottoming out in early March just above $18, recently topping off above $59. Take a look at the nice move below.

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