Bitauto (BITA) Tops Q3 EPS by 6c, Revenues Beat; Offers Q4 Revenue Outlook
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Bitauto Announces Third Quarter 2018 Results
November 28, 2018 6:12 AM ESTBEIJING, Nov. 28, 2018 /PRNewswire/ -- Bitauto Holdings Limited ("Bitauto" or the "Company") (NYSE: BITA), a leading provider of internet content & marketing services, and transaction services for China's fast-growing automotive industry, today announced its unaudited financial results for the third quarter ended September 30, 2018[1] .
Bitauto Third Quarter 2018 Highlights
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... More