eHi Car Services Limited (EHIC) Swings to Q2 Loss

eHi Car Services Limited (NYSE: EHIC) reported Q2 EPS of ($12.22), versus $5.74 reported last year. Revenue for the quarter came in at $200.62 million, versus $339.9 million reported last year.

Outlook

The Company estimates that its fiscal year 2015 net revenues will be in the range of RMB1.5 billion to RMB1.6 billion, which would represent an increase of approximately 76% to 88% from RMB851.2 million in 2014. The Company estimates that its total period-end fleet size as of December 31, 2015 will be in the range of 37,000 to 40,000 vehicles, which would represent an increase of approximately 87% to 103% from 19,746 vehicles as of December 31, 2014. This forecast reflects the Company's current and preliminary view, which is subject to change.

For earnings history and earnings-related data on eHi Car Services Limited (EHIC) click here.

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