Bitauto Announces Second Quarter 2018 Results
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CLSA Reiterates Underweight on Bitauto (BITA) Following 2Q
August 23, 2018 7:19 AM EDTCLSA analyst, Man Ho Lam, reiterated an Underperform rating and 25.00 price target on Bitauto Holdings (NYSE: BITA) following the company's 2Q earnings report. 2Q results were in-line with estimates, with total revenue up 28.5% YoY to Rmb2.56bn.
3Q revenue guidance was in-line with... More
Bitauto (BITA) Tops Q2 EPS by 15c, Beats on Revenues; Offers 3Q Revenue Outlook Above Consensus
August 22, 2018 5:49 AM EDTBitauto (NYSE: BITA) reported Q2 EPS of $0.53, $0.15 better than the analyst estimate of $0.38. Revenue for the quarter came in at $387.5 million versus the consensus estimate of $366.58 million.
Revenue in the second quarter of 2018 was RMB2.56 billion (US$387.5 million), a 28.5% increase from the corresponding period in 2017.Gross profit in the second quarter of 2018 was RMB1.62 billion (US$245.3 million), a 17.7% increase from the corresponding period in 2017.Income from operations in the second quarter of 2018 was RMB107.0 million (US$16.2 million), compared to RMB12.8 million (US$1.9 million) in the corresponding period in... More