On Wednesday, Shares of Caterpillar Inc. (NYSE:CAT), included 2.70% and shut at $96.18 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $94.22 and $96.42. Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. The companys Construction Industries segment offers backhoe, small wheel, skid steer, multi-terrain, compact track, medium and compact wheel, and track-type loaders; mini, wheel, and track excavators; track-type tractors; and select work tools, motor graders, telehandlers, soil compactors, and pipelayers, in addition to its related parts for the heavy and general construction, rental, mining and quarry, and aggregates markets. Its Resource Industries segment provides electric rope and hydraulic shovels; draglines; drills; highwall and longwall miners; hard rock vehicles; articulated, large mining, and off-highway trucks; large wheel loaders; wheel tractor scrapers; wheel dozers; machinery components; hard rock continuous mining systems; electronics and control systems; and select work tools for use in mining and quarry applications. The companys Energy & Transportation segment offers reciprocating engines, generator sets, marine propulsion systems, gas turbines and turbine-related services, diesel-electric locomotives, and other rail-related products and services. Its Financial Products segment provides retail and wholesale financing for Caterpillar equipment, machinery, and engines; offers property, casualty, life, accident, and health insurance; insurance brokerage services; and purchases short-term trade receivables.
Shares of Ctrip.Com International Ltd (ADR) (NASDAQ:CTRP), subtract -2.10% and shut at $40.99 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $40.59 and $42.19. The association’s commercial center capitalization is $19.97 Billion with the general uncommon loads of 51.17 million. Ctrip.com International, Ltd. (CTRP), a leading travel service provider of accommodation reservation, transportation ticketing, packaged tours and corporate travel administration in China (“Ctrip” or the “Company”), recently declared its unaudited financial results for the third quarter ended September 30, 2016.
Highlights for the Third Quarter of 2016
Ctrip achieved strong financial results in the third quarter of 2016
Net revenues raised 75% year-on-year to RMB5.6 billion in the third quarter of 2016. The accommodation reservation business continued to execute well in the third quarter of 2016, despite a challenging comparison base last year. The transportation ticketing business, in addition to solid execution, also benefited from the fast growing new business units.
Operating margin for the third quarter of 2016 was 8%, increasing meaningfully from -9% in the previous quarter. Apart From share-based compensation charges, Non-GAAP operating margin for the third quarter of 2016 was 18%, driven by operating efficiency improvements across the board. The quarterly non-GAAP operating margin has now reached its highest level since early 2014.
Ctrip has generated positive net profits two quarters after we merged the invested company’s operating results.