Bitauto Earnings, Revenue Miss in Q2

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Investing.com – Bitauto reported on Monday second quarter earnings that missed analysts’ forecasts and revenue that fell short of expectations.

Bitauto announced earnings per share of -4.65 on revenue of 1.96B. Analysts polled by Investing.com anticipated EPS of -0.3 on revenue of 2.13B.

Bitauto shares are up 6.4% from the beginning of the year, still down 1.00% from its 52 week high of 15.95 set on June 17. They are outperforming the EUR/USD which is down 0% from the start of the year.

Bitauto shares lost 0.06% in intra-day trade following the report.

Bitauto’s report follows an earnings beat by Apple on July 30, who reported EPS of 2.58 on revenue of 59.69B, compared to forecasts EPS of 2.05 on revenue of 52.29B.

Alphabet C had beat expectations on July 30 with second quarter EPS of 10.13 on revenue of 38.3B, compared to forecast for EPS of 7.95 on revenue of 37.33B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

Bitauto follows other major Technology sector earnings this month

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