Bitauto Announces Fourth Quarter and Fiscal Year 2018 Results
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Bitauto (BITA) Tops Q4 EPS by 1c, Revenues Beat; Offers Q1 Revenue Guidance
March 19, 2019 6:07 AM EDTBitauto (NYSE: BITA) reported Q4 EPS of $0.23, $0.01 better than the analyst estimate of $0.22. Revenue for the quarter came in at $453.7 million versus the consensus estimate of $433.68 million.
Fourth Quarter and Fiscal Year 2018 Highlights
Revenue in the fourth quarter of 2018 was RMB3.12 billion (US$453.7 million), a 25.2% increase from the corresponding period in 2017, exceeding the high-end of the Company guidance. Revenue in fiscal year 2018 was RMB10.58 billion (US$1.54 billion), a 31.0% increase from 2017.Gross profit in the fourth quarter of 2018 was RMB1.69 billion (US$246.0 million), an 8.9% increase from the corresponding period in 2017. Gross profit in... More