Bitauto Announces Second Quarter 2019 Results
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Bitauto (BITA) Tops Q2 EPS by 1c, Revenues Beat; Offers Q3 Revenue Guidance Above Consensus
September 5, 2019 6:11 AM EDTBitauto (NYSE: BITA) reported Q2 EPS of $0.32, $0.01 better than the analyst estimate of $0.31. Revenue for the quarter came in at $406.6 million versus the consensus estimate of $385.82 million.
Bitauto Second Quarter 2019 Highlights
Revenue in the second quarter of 2019 was RMB2.79 billion (US$406.6 million), an 8.9% increase from the corresponding period in 2018.Gross profit in the second quarter of 2019 was RMB1.67 billion (US$243.8 million), a 3.1% increase from the corresponding period in 2018.Net loss in the second quarter of 2019 was RMB136.2 million (US$19.8 million),... More