Earnings

Hot Earning Reports: Ctrip.Com International Ltd (NASDAQ:CTRP), Workday Inc (NYSE:WDAY)

Ctrip.Com International Ltd (NASDAQ:CTRP) shares rose more than 1 percent in the after-hours trading session on Wednesday after the travel service provider announced its financial results for the second quarter that beat analysts’ estimates.

The Shanghai-based company posted net income of $48.2 million or 9 cents a share in the latest quarter, as compared to a loss in the year-earlier quarter. Revenue for the quarter came in at $946.4 million, beating average consensus forecast.

CTRP shares are trading around $53.28 in the after-hours session. Ctrip.Com shares performed well so far this year, as the stock has climbed nearly 32 percent year-to-date.

Workday Inc (NYSE:WDAY) shares hit a new 52-week high of $107.88 on Wednesday after the company announced better-than-expected financial results for the second quarter and raised its guidance for 2018.

The finance and human resources software company reported a loss of $82,532, or 40 cents per share in the second quarter, narrower than a loss of $107,813, or 55 cents per share in the same period last year. On an adjusted basis, earnings were 24 cents per share, versus a loss of 4 cents per share in the year-ago quarter.

Revenue in the second-quarter climbed 41 percent to $525.3 million, as compared to last year. Analysts surveyed by FactSet were looking for earnings of 15 cents a share on $507 million in revenue.

Looking forward, the company is now anticipating subscription revenue in a range of $1.750 billion to $1.757 billion for fiscal 2018. For the current quarter, the Pleasanton, California based company expects subscription sales in between $450 million and $452 million, while analysts surveyed by FactSet have forecasted subscription sales of $435.

Workday (WDAY) stock has been showing optimistic momentum so far this year. The stock has soared more than 60 percent year-to-date and more than 8 percent during the past 3 months.

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