The Shanghai-based company said May 8 that first-quarter revenue jumped 27 percent from a year earlier to $187 million, exceeding the $171.9 million mean of eight analysts’ estimates compiled by Bloomberg. Net income for the period also beat the average projection. Ctrip forecast sales growth of as much as 20 percent for the second quarter. Ctrip appears to be turning around following heavy price competition last year and recent investments in product development and tech infrastructure, Juan Lin, an analyst with Wedge Partners, wrote in a research note on Thursday. "Ctrip's Q1 results exceeded our estimate on both the top and bottom line. ... Furthermore, the company's Q2 revenue guidance and management's positive tone on the business outlook indicate a turnaround point for the company, after more than a year of heavy price competition," he wrote. Get the full story at Seeking Alpha