Autohome Tanks Despite Q1 Beat; Revenue Outlook Tops
Autohome (ATHM) shares are tanking even though the Chinese online car data hub topped analyst estimates and guided above second-quarter expectations. Earnings grew 40% to 28 cents a share, topping by 2 cents. Revenue grew 82.1% to $100.5 million, above estimates for $97.5 million. The company said it expects Q2 revenue of $130.8 million-$136.8 million, better than estimates for $128.5 million. But shares fell 5.2% to 50.09 in weak late morning