BitAuto Q1 Earnings, Q2 Outlook Beat Street Views

By | May 8, 2015

Scalper1 News

BitAuto Holdings (BITA) early Friday reported Q1 earnings, and gave guidance for the current quarter, that beat Wall Street expectations, but shares still slipped. The Beijing-based online auto website reported earnings per share excluding items of 4 cents, down 76% from the year-earlier quarter. BitAuto Holdings’ revenue jumped 98% to $113.1 million. Analysts polled by Thomson Reuters had expected a breakeven quarter minus items on $104.9 million Scalper1 News

Scalper1 News