Bitauto Hldg Ltd (ADR) (BITA) reported quarterly earnings results on Tuesday, Aug-9-2016. The company reported $0.20 earnings per share for the quarter, missing the analyst consensus estimate by $-0.10. Analysts had a consensus of $0.30. The company posted revenue of $209.40 million in the period, compared to analysts expectations of $208.89 million. The company’s revenue was up 29.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.
Many Wall Street Analysts have commented on Bitauto Hldg Ltd (ADR). Macquarie Initiated Bitauto Hldg Ltd (ADR) on Jul 8, 2016 to “Outperform”, Price Target of the shares are set at $34.Bitauto Hldg Ltd (ADR) was Downgraded by Morgan Stanley to ” Underweight” on May 16, 2016.
Bitauto Hldg Ltd (ADR) closed down -1.28 points or -4.53% at $26.98 with 10,74,771 shares getting traded on Monday. Post opening the session at $28.4, the shares hit an intraday low of $26.53 and an intraday high of $29.15 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Bitauto Holdings Limited (Bitauto) is a provider of Internet content and marketing services for China’s automotive industry. The Company’s bitauto.com and taoche.com Websites provide consumers with information on new and used automobile pricing and promotional information specifications reviews and consumer feedback. Bitauto operates through three segments: the advertising business the EP platform business and its digital marketing solutions business. The bitauto.com advertising business offers automakers and dealers a range of advertising services through its bitauto.com Website and mobile applications. The EP platform business provides Web-based and mobile-based integrated digital marketing solutions to automobile customers in China. The digital marketing solutions business provides automakers with various digital marketing solutions. The Company’s brand names include bitauto.com and taoche.com.