Tuniu (TOUR) Misses Q1 EPS by RMB0.23, Beats on Revenues

Tuniu (NASDAQ: TOUR) reported Q1 EPS of (RMB0.60), RMB0.23 worse than the analyst estimate of (RMB0.37). Revenue for the quarter came in at RMB456 million versus the consensus estimate of RMB329.73 million.

Highlights for the First Quarter of 2017

• Net revenues in the first quarter of 2017 increased by 60.4% year-over-year, compared with Non-GAAP[1] net revenues, to RMB456.0 million (US$66.3 million[2]).
• Revenues from packaged tours in the first quarter of 2017 increased by 53.5% year-over-year, compared with Non-GAAP revenues from packaged tours, to RMB355.9 million (US$51.7 million).
• Gross profit in the first quarter of 2017 increased by 170.8% year-over-year, compared with Non-GAAP gross profit, to RMB251.3 million (US$36.5 million).
• Mobile orders contributed to over 90% of total online orders in the first quarter of 2017

For earnings history and earnings-related data on Tuniu (TOUR) click here.

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