Bitauto (BITA) Posts Q4 EPS of $0.48

Bitauto (NYSE: BITA) reported Q4 EPS of $0.48, which may not compare to the analyst estimate of $0.07. Revenue for the quarter came in at $251.9 million versus the consensus estimate of $237.5 million.

• Revenue in the fourth quarter of 2016 was RMB1.75 billion (US$251.9 million), a 31.9% increase from the corresponding period in 2015. Revenue in fiscal year 2016 was RMB5.77 billion (US$831.5 million), a 35.7% increase from 2015.
• Gross profit in the fourth quarter of 2016 was RMB1.11 billion (US$159.7 million), a 22.8% increase from the corresponding period in 2015. Gross profit in fiscal year 2016 was RMB3.69 billion (US$532.2million), a 31.8% increase from 2015.
• Operating loss in the fourth quarter of 2016 was RMB20.6 million (US$3.0 million), compared to an operating loss of RMB346.7 million (US$49.9 million) in the corresponding period in 2015. Operating loss in fiscal year 2016 was RMB89.2 million (US$12.9 million), compared to an operating loss of RMB462.1 million (US$66.6 million) in 2015.
• Non-GAAP operating profit in the fourth quarter of 2016 was RMB160.9 million (US$23.2 million), a 27.5% increase from the corresponding period in 2015. Non-GAAP operating profit in fiscal year 2016 was RMB611.9 million (US$88.1 million), a 43.1% increase from 2015.
• Net loss in the fourth quarter of 2016 was RMB105.1 million (US$15.1 million), compared to a net loss of RMB312.8 million (US$45.1 million) in the corresponding period in 2015. Net loss in fiscal year 2016 was RMB291.4 million (US$42.0 million), compared to a net loss of RMB385.3 million (US$55.5 million) in 2015.
• Non-GAAP net profit in the fourth quarter of 2016 was RMB98.5 million (US$14.2 million), compared to a net profit of RMB111.2 million (US$16.0 million) in the corresponding period in 2015. Non-GAAP net profit in fiscal year 2016 was RMB439.2 million (US$63.3 million), a 19.6% increase from 2015.
• Basic and diluted net loss per ADS in the fourth quarter of 2016 was RMB2.70 (US$0.39) and RMB2.70 (US$0.39), respectively. Basic and diluted net loss per ADS in fiscal year 2016 was RMB7.70 (US$1.11) and RMB7.70 (US$1.11), respectively.
• Non-GAAP basic and diluted net profit per ADS in the fourth quarter of 2016 was RMB0.19 (US$0.03) and RMB0.19 (US$0.03), respectively. Non-GAAP basic and diluted net profit per ADS in fiscal year 2016 was RMB3.35 (US$0.48) and RMB3.28 (US$0.47), respectively.

For earnings history and earnings-related data on Bitauto (BITA) click here.

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