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Bitauto Holdngs: 1Q Earnings Snapshot

BEIJING (AP) _ Bitauto Holdings Ltd. (BITA) on Thursday reported first-quarter net income of $4.8 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Beijing-based company said it had profit of 4 cents. Earnings, adjusted for non-recurring costs, were 25 cents per share.

The marketing company focused on the automotive industry posted revenue of $407.5 million in the period.

For the current quarter ending in July, Bitauto Holdngs said it expects revenue in the range of $402.3 million to $417.2 million.

Bitauto Holdngs shares have decreased 58% since the beginning of the year. The stock has declined 52% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BITA at https://www.zacks.com/ap/BITA