Benzinga | Aug 24, 2020 06:08AM EDT

Bitauto Holdings Q2 EPS $(0.66) Beats $(0.97) Estimate, Sales $276.90M Miss $305.82M Estimate

Bitauto Holdings (NYSE:BITA) reported quarterly losses of $(0.66) per share which beat the analyst consensus estimate of $(0.97) by 31.96 percent. This is a 312.9 percent decrease over earnings of $0.31 per share from the same period last year. The company reported quarterly sales of $276.90 million which missed the analyst consensus estimate of $305.82 million by 9.46 percent. This is a 31.90 percent decrease over sales of $406.60 million the same period last year.