Bitauto Announces Second Quarter 2018 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/19/2026
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Oil slides after China asks Iran to limit Houthi attacks on Saudi oil facilities
- Warren Buffett transitions to Berkshire’s chairman emeritus
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Wells Fargo Downgrades Netflix (NFLX) to Underweight on Engagement Risks, 'We see tougher choices ahead'
- Anthropic and Accenture partner on embedded AI safety evaluation
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- SanDisk stock rallies on AI optimism and Fed relief
CLSA Reiterates Underweight on Bitauto (BITA) Following 2Q
August 23, 2018 7:19 AM EDTCLSA analyst, Man Ho Lam, reiterated an Underperform rating and 25.00 price target on Bitauto Holdings (NYSE: BITA) following the company's 2Q earnings report. 2Q results were in-line with estimates, with total revenue up 28.5% YoY to Rmb2.56bn.
3Q revenue guidance was in-line with... More
Bitauto (BITA) Tops Q2 EPS by 15c, Beats on Revenues; Offers 3Q Revenue Outlook Above Consensus
August 22, 2018 5:49 AM EDTBitauto (NYSE: BITA) reported Q2 EPS of $0.53, $0.15 better than the analyst estimate of $0.38. Revenue for the quarter came in at $387.5 million versus the consensus estimate of $366.58 million.
Revenue in the second quarter of 2018 was RMB2.56 billion (US$387.5 million), a 28.5% increase from the corresponding period in 2017.Gross profit in the second quarter of 2018 was RMB1.62 billion (US$245.3 million), a 17.7% increase from the corresponding period in 2017.Income from operations in the second quarter of 2018 was RMB107.0 million (US$16.2 million), compared to RMB12.8 million (US$1.9 million) in the corresponding period in... More