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Bitauto Holdngs: 4Q Earnings Snapshot

BEIJING (AP) _ Bitauto Holdings Ltd. (BITA) on Tuesday reported a loss of $60.6 million in its fourth quarter.

On a per-share basis, the Beijing-based company said it had a loss of 78 cents. Earnings, adjusted for non-recurring costs, were 23 cents per share.

The marketing company focused on the automotive industry posted revenue of $453.7 million in the period.

For the year, the company reported that its loss narrowed to $88.5 million, or $1.18 per share. Revenue was reported as $1.54 billion.

Bitauto Holdngs shares have declined 29 percent since the beginning of the year. The stock has dropped 29 percent in the last 12 months.

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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