Tag Archives: bad-request

Ctrip Upgraded As Q1 Earnings Beat, Stock Hits High

Ctrip.com International (CTRP) got upgraded by at least three investment banks Thursday after the company’s Q1 earnings and revenue forecast for the current period blew past analyst estimates. Ctrip stock touched a record high of 76 early Thursday and was up more than 10% in afternoon trading in the stock market today, near 72. Ctrip stock has jumped more than 60% this year. Ctrip is a leading online travel consolidator of hotel and airline ticket

NetEase Rides Mobile Games Surge To Q1 Earnings Beat

China-based online gaming company NetEase (NTES) beat on revenue and earnings in Q1, super-charged by sales of mobile video games as the company expands its global reach. NetEase stock was up 7.1% to 139.20 in afternoon trading in the stock market today, hitting a record high intraday. NetEase stock has gained 40% so far in 2015. NetEase earned $1.74 a share excluding various items, up 26% year over year, and beating the $1.40 EPS ex items that

UBS sees June quarter iPhone sales well above estimates

Apple (AAPL) iPhone 6 sales have remained strong, despite growing chatter about the company’s follow-on smartphone likely to be released in September. UBS analyst Steven Milunovich on Thursday raised his iPhone unit sales target for the June quarter. UBS pegs iPhone demand for the current quarter at 51.1 million units, well above the Wall Street consensus sell-through estimate of about 45 million, he said in a research note. Apple reports iPhone sales on a sell-in vs. sell-through basis. So, adjusting for supply issues and sales channel inventory changes, UBS raised its sell-in estimate to 48 million units from 43 million. With the higher iPhone sales, UBS increased its fiscal 2015 earnings-per-share estimate to $9.17 from $9.04. Analysts polled by Thomson Reuters expect Apple to deliver EPS of $8.99 for the fiscal year ending Sept. 26, up 39%. Milunovich rates Apple stock as a buy with a 12-month price target of…