Bitauto Announces Fourth Quarter and Fiscal Year 2016 Results
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Bitauto (BITA) Posts Q4 EPS of $0.48
March 1, 2017 6:25 AM ESTBitauto (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... More