Bitauto (BITA) Misses Q3 EPS by 28c, Revenues Miss; Offers Q4 Revenue Guidance Below Consensus
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Bitauto Announces Third Quarter 2019 Results
November 26, 2019 5:00 AM ESTBEIJING, Nov. 26, 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 third quarter ended September 30, 2019[1].
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... More