Autohome Inc (ADR) (ATHM) reported quarterly earnings results on Tuesday, Aug-16-2016. The company said it had a profit of $0.51 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.12. Analysts had a consensus of $0.39. The company posted revenue of $207.40 million in the period, compared to analysts expectations of $207.39 million. The company’s revenue was up 49.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS.
Many Wall Street Analysts have commented on Autohome Inc (ADR). Autohome Inc (ADR) was Downgraded by Credit Suisse to ” Underperform” on Jun 28, 2016. Brean Capital Initiated Autohome Inc (ADR) on Jun 6, 2016 to “Buy”, Price Target of the shares are set at $31.
Autohome Inc (ADR) opened for trading at $25.56 and hit $27.05 on the upside on Monday, eventually ending the session at $26.65, with a gain of 4.76% or 1.21 points. The heightened volatility saw the trading volume jump to 12,05,944 shares. Company has a market cap of $3,013 M.
Autohome Inc. is an online destination for automobile consumers in China. The Company provides online advertising and dealer subscription services through its Websites and mobile applications. These services are offered to automakers and dealers and advertising agencies. Its Websites include autohome.com.cn and che168.com. Its logo (Autohome) brand is the searched automotive-related keyword on Baidu.com the Chinese language Internet search engine. The content it provides to its users includes professionally produced content serves consumers throughout the automobile ownership life cycle; user generated content is the online community of automotive consumers in China; automobile library is the online automobile library in China with vehicle model configurations and photos and automobile listing information features up-to-date listings of both new and used automobiles on its Websites. The Company provides its advertisers with a range of advertising solutions and tools.