Investing.com - Bitauto reported on Friday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Bitauto announced earnings per share of -1.98 on revenue of 1.86B. Analysts polled by Investing.com anticipated EPS of -1.9 on revenue of 1.96B. That with comparison to EPS of 1.68 on revenue of 2.73B in the same period a year before.Bitauto had reported EPS of -8.07 on revenue of 2.69B in the previous quarter.Analysts are expecting EPS of 0.09 and revenue of 2.35B in the upcoming quarter.
Bitauto shares are down 7.88% from the beginning of the year and are trading at 13.67 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% year to date.
Bitauto follows other major Technology sector earnings this month
Bitauto's report follows an earnings beat by NVIDIA on Thursday, May 21, 2020, who reported EPS of 1.8 on revenue of 3.08B, compared to forecasts EPS of 1.65 on revenue of 2.97B.
Cisco had beat expectations on Wednesday, May 13, 2020 with third quarter EPS of 0.79 on revenue of 11.98B, compared to forecast for EPS of 0.71 on revenue of 11.88B.
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