Bitauto Announces Third Quarter 2019 Results
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Bitauto (BITA) Misses Q3 EPS by 28c, Revenues Miss; Offers Q4 Revenue Guidance Below Consensus
November 26, 2019 5:49 AM ESTBitauto (NYSE: BITA) reported Q3 EPS of $0.11, $0.28 worse than the analyst estimate of $0.39. Revenue for the quarter came in at $355.5 million versus the consensus estimate of $378.08 million.
Bitauto Third Quarter 2019 Highlights
Revenue in the third quarter of 2019 was RMB2.54 billion (US$355.5 million), compared to RMB2.72 billion (US$381.2 million) in the corresponding period in 2018.Gross profit in the third quarter of 2019 was RMB1.58 billion (US$220.5 million), compared to RMB1.67 billion (US$233.8 million) in the corresponding period in 2018.Net loss in the third quarter of 2019 was RMB161.5 million (US$22.6 million),... More