Bitauto Announces First Quarter 2018 Results
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Bitauto (BITA) Tops Q1 EPS by 22c, Beats on Revenues
June 13, 2018 6:23 AM EDTBitauto (NYSE: BITA) reported Q1 EPS of $0.14, $0.22 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $346.1 million versus the consensus estimate of $308.48 million.
Bitauto First Quarter 2018 Highlights
Revenue in the first quarter of 2018 was RMB2.17 billion (US$346.1 million), a 52.3% increase from the corresponding period in 2017.Gross profit in the first quarter of 2018 was RMB1.35 billion (US$215.2 million), a 34.3% increase from the corresponding period in 2017.Loss from operations in the first quarter of 2018 was RMB313.3 million (US$50.0 million), compared to a loss from operations of RMB10.9... More