Bitauto (BITA) Misses Q1 EPS by 46c, Slight Miss on Revenuse; Offers 2Q Revenue Outlook Below Consensus
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Bitauto Announces First Quarter 2020 Results
June 12, 2020 6:03 AM EDTBEIJING, June 12, 2020 /PRNewswire/ -- Bitauto Holdings Limited ("Bitauto" or the "Company") (NYSE: BITA), a leading provider of internet content & marketing services, and transaction services for China's automotive industry, today announced its unaudited financial results for the first quarter ended March 31, 2020[1].
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... More