Qunar (QUNR) Posts Mixed Q2 Results
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Qunar (QUNR) Performed Well vs. Peers in H114; Aegis Maintains 'Hold' Rating
August 22, 2014 9:49 AM EDTAegis Capital affirms Qunar (Nasdaq: QUNR) at Hold with a target price of $30 per ADS following the company's Q2 results. After markets closed Thursday, Qunar reported a Q2 loss of $0.57 per share and revenue of $127.3 million, versus analyst estimates calling for a loss of $0.25 per share and revenue of $56.0 million.
Analyst Yi Chen commented, We note that Qunar has demonstrated... More
