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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.


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