China’s Ctrip Sinks to Two-Year Low on Margin, Sales Outlook
Ctrip.com International Ltd. (CTRP), China’s biggest online travel agency, tumbled to a two-year low in U.S. trading after its third-quarter operating margin narrowed and forecast for fourth-quarter sales missed analyst estimates.
Ctrip’s American depositary receipts plunged 16 percent to $28.91 at 10:25 a.m. New York time, the lowest since Nov. 4, 2009.
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