Should Investors Give Bitauto A Chance?

Shares of BitAuto Holdings (NYSE: BITA) jumped nearly 12% on June 13 after the online services provider for the Chinese automotive industry posted its first-quarter numbers. Its revenue rose 52% annually to $346.1 million, topping expectations by nearly $38 million.Its non-GAAP net income fell 76% to $5.9 million, or $0.13 per diluted ADS, but that still beat estimates by $0.21.

Topics:  bitauto holdings nyse   bita    june   chinese   ads   gaap   images   bitauto   million   
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