Revenues grew nearly 19%, and operating income rose 84%, to 1.3B yuan (about $194M). Non-GAAP operating income rose 43%.
For Q3 it's forecasting Y/Y net revenue gains of 10-15%.
Morgan Stanley cut its rating on the ADRs to Equal Weight, from Overweight, and lowered its price target to $35 from $43 (2.2% upside implied).
Otherwise analysts stuck up for their stances. Citigroup noted the Hong Kong/Taiwan effects on travel demand in maintaining its Buy rating and even bumping its price target to $41 from $40, expecting more market share gains.
Benchmark trimmed its target to $46 from $48 but says the long-term fundamental story is "intact."
It's also introduced a proposal to change the company name to Trip.com Group Limited.
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