Credit Suisse Upgrades Bitauto Holdings (BITA) to Outperform
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Bitauto (BITA) Tops Q4 EPS by 45c
March 8, 2016 6:18 AM ESTBitauto (NYSE: BITA) reported Q4 EPS of RMB1.68, RMB0.45 better than the analyst estimate of RMB1.23. Revenue for the quarter came in at RMB1.24 billion versus the consensus estimate of RMB1.22 billion.
r. William Li, chief executive officer and chairman of Bitauto commented, "We are pleased to announce healthy results for the fourth quarter of 2015, with revenue growing 27.1% year-over-year. For the full year 2015, Bitauto made significant progress across our businesses and delivered strong growth. Our top-line grew 63.1% year-over-year, with revenue from our EP platform growing 122.3% year-over-year in 2015."
"In 2015, Bitauto generated over 100 million sales... More
