Bitauto (BITA) Tops Q2 EPS by 15c, Beats on Revenues; Offers 3Q Revenue Outlook Above Consensus
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Bitauto Announces Second Quarter 2018 Results
August 22, 2018 5:14 AM EDTSecond quarter revenue increased 28.5% year-over-year Revenue from transaction services increased 50.2% year-over-year
BEIJING, Aug. 22, 2018 /PRNewswire/ -- Bitauto Holdings Limited ("Bitauto" or the "Company") (NYSE: BITA), a leading provider of internet content & marketing services, and transaction services for China's fast-growing automotive industry, today announced its unaudited financial results for the second quarter ended June 30, 2018[1] .
Bitauto Second Quarter 2018 Highlights
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... More