Tuniu Corp (TOUR) Releases Earnings Results, Misses Expectations By $-0.43 EPS

Tuniu Corp (TOUR) reported quarterly earnings results on Tuesday, May-24-2016. The company reported $-4.52 earnings per share for the quarter, missing the analyst consensus estimate by $-0.43. Analysts had a consensus of $-4.09. The company posted revenue of $2031.70 million in the period, compared to analysts expectations of $2091.07 million. The company’s revenue was up 62.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-3.50 EPS.

Many Wall Street Analysts have commented on Tuniu Corp. Tuniu Corp was Downgraded by Morgan Stanley to ” Equal-Weight” on Apr 26, 2016.

Tuniu Corp opened for trading at $9.09 and hit $9.13 on the upside on Friday, eventually ending the session at $8.99, with a gain of 1.81% or 0.16 points. The heightened volatility saw the trading volume jump to 3,51,179 shares. Company has a market cap of $16,214,184 M.

Tuniu Corporation is an online travel company. The Company offers a selection of packaged tours including organized tours self-guided tours and travel-related services for leisure travelers. Its online platform which consists of its tuniu.com Website and mobile platform provides product and travel information to enable leisure travelers to plan their travels. The Company’s organized tours offer pre-arranged itineraries transportation accommodations entertainment meals and tour guide services. The Company’s self-guided tours consist of combinations of flights and hotel bookings and other optional add-ons such as airport pick-ups. The Company’s other travel-related services comprise mainly sales of tourist attraction tickets and visa processing services. The Company’s online platform contains travel guides featuring photos information and recommendations for all destinations it covers as well as user-generated content that serves as a references for other travelers.

Tuniu Corp

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