Tuniu Announces Unaudited Second Quarter 2015 Financial Results
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Tuniu (TOUR) Tops Q2 EPS by 1c; Will Take Majority Stake in Wuzhouxing
August 24, 2015 6:30 AM EDTTuniu (NASDAQ: TOUR) reported Q2 EPS of ($0.52), $0.01 better than the analyst estimate of ($0.53). Revenue for the quarter came in at $244.9 million versus the consensus estimate of $227.97 million.
Tuniu also announced an investment for the majority stake in Beijing Global Tour International Travel Service Co.,Ltd ("Wuzhouxing"), a leading outbound packaged tour wholesaler in China. The transaction is expected to be completed in the third quarter of 2015.
Tuniu's investment in Wuzhouxing is a beneficial step in Tuniu's consolidation of China's travel industry supply chain. In addition to improving Tuniu's access to resources... More
