Bitauto Announces First Quarter 2020 Results
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Bitauto (BITA) Misses Q1 EPS by 46c, Slight Miss on Revenuse; Offers 2Q Revenue Outlook Below Consensus
June 12, 2020 6:07 AM EDTBitauto (NYSE: BITA) reported Q1 EPS of ($1.27), $0.46 worse than the analyst estimate of ($0.81). Revenue for the quarter came in at $245.5 million versus the consensus estimate of $245.96 million.
Bitauto First Quarter 2020 Highlights
Revenue in the first quarter of 2020 was RMB1.74 billion (US$245.5 million), compared to RMB2.73 billion (US$386.2 million) in the corresponding period in 2019.
Gross profit in the first quarter of 2020 was RMB1.11 billion (US$156.6 million), compared to RMB1.67 billion (US$235.7 million) in the corresponding period in 2019.
Net loss in the first quarter of 2020 was RMB1.28 billion (US$180.6 million), compared to net... More
