Qunar Beats Q3 Estimates As China Online Travel Heats

By | November 25, 2015

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Qunar Cayman Islands (QUNR) grew revenue beyond expectations, sending the stock up Wednesday morning. The leading Chinese online travel agency posted Q3 revenue of $208.5 million, up 164% from the year-ago quarter. But Qunar more than doubled its adjusted net loss to $98 million as it invested in marketing, product sourcing and product development. Both the top and bottom line beat the consensus view of analysts polled by Thomson Reuters by about Scalper1 News

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