Bitauto Holdngs reports 3Q loss

BEIJING (AP) _ Bitauto Holdings Ltd. (BITA) on Monday reported a loss of $92.8 million in its third quarter.

The Beijing-based company said it had a loss of $1.32 per share. Earnings, adjusted for non-recurring costs, were 23 cents per share.

The marketing company focused on the automotive industry posted revenue of $351.5 million in the period.

For the current quarter ending in December, Bitauto Holdngs said it expects revenue in the range of $360.7 million to $368.2 million.

Bitauto Holdngs shares have more than doubled since the beginning of the year. The stock has climbed 75 percent in the last 12 months.


This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on BITA at