Cango Inc. (CANG) Receives NYSE Notification Letter

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Go back to Cango Inc. (CANG) Receives NYSE Notification Letter

Cango Inc. (CANG) Misses Q3 EPS by 5c

November 14, 2019 4:34 PM EST

Cango Inc. (NYSE: CANG) reported Q3 EPS of $0.13, $0.05 worse than the analyst estimate of $0.18. Revenue for the quarter came in at $49.1 million versus the consensus estimate of $48.45 million.

Third Quarter 2019 Financial and Operational Highlights

Total revenues in the third quarter of 2019 were RMB351.3 million (US$49.1 million), representing a year-over-year increase of 23.2% and outperforming the high end of the Company\'s guidance by 8.1%.After-market services facilitation revenues in the third quarter of 2019 were RMB40.7 million (US$5.7 million), continuing to serve as an important driver for the Company\'s revenue... More