Bitauto (BITA) Tops Q4 EPS by 1c, Revenues Beat; Offers Q1 Revenue Guidance
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Bitauto Announces Fourth Quarter and Fiscal Year 2018 Results
March 19, 2019 6:01 AM EDTBEIJING, March 19, 2019 /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 fourth quarter and fiscal year ended December 31, 2018[1] .
Bitauto 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... More