Tag Archives: bita

BitAuto Q1 Earnings, Q2 Outlook Beat Street Views

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

Autohome, BitAuto Rally Heading Into Earnings

Both Autohome (ATHM) and BitAuto (BITA) are expected to report big double-digit revenue gains this week that would nonetheless mark a deceleration from previous quarters. And amid plans for increased spending, BitAuto’s earnings are seen declining for the first time in years. Autohome is expected to report a 30% earnings gain Wednesday. Analysts currently expect a 76.8% revenue rise to $97.4 million in U.S. dollars. In its previous earnings

This Chinese Internet Stock Is Near A Buy Point

Shares of Chinese Internet mammoth Tencent (TCEHY) are nearing a buy point on the stock market today. Tencent is China’s messaging giant, running the WeChat and QQ services. It also has a hand in a multitude of other Chinese businesses, including JD.com (JD), BitAuto (BITA) and 58.com (WUBA). At the end of last year, Tencent signed a deal with Time Warner (TWX) to be the exclusive distributor of HBO content in China. It’s in fierce competition