Bitauto Announces Third Quarter 2018 Results
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Bitauto (BITA) Tops Q3 EPS by 6c, Revenues Beat; Offers Q4 Revenue Outlook
November 28, 2018 6:14 AM ESTBitauto (NYSE: BITA) reported Q3 EPS of $0.53, $0.06 better than the analyst estimate of $0.47. Revenue for the quarter came in at $396.7 million versus the consensus estimate of $385.21 million.
Revenue in the third quarter of 2018 was RMB2.72 billion (US$396.7 million), a 25.9% increase from the corresponding period in 2017.Gross profit in the third quarter of 2018 was RMB1.67 billion (US$243.3 million), a 12.2% increase from the corresponding period in 2017.Income from operations in the third quarter of 2018 was RMB66.0 million (US$9.6 million), compared to a loss from... More