Autohome Tops Q1 Earnings Estimates, Guides Higher

Autohome reported better-than-expected first-quarter earnings early Tuesday. The China auto website provider also guided Q2 revenue forecasts slightly higher.

The post Autohome Tops Q1 Earnings Estimates, Guides Higher appeared first on Investor's Business Daily.

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Autohome (ATHM) reported better-than-expected first-quarter earnings early Tuesday. The China auto website provider also guided Q2 revenue forecasts slightly higher.

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Autohome reported revenue of $205.35 million, down 3.5% vs. a year earlier but beating the consensus of $201.2 million. It earned an adjusted 70 cents a share, topping estimates for 60 cents.

The company sees Q2 revenue of $283.8 million to $287 million, up roughly 26% vs. a year earlier. Analysts expected $283.21 million.

Autohome shares rose 1.4% before the open on the stock market today. Autohome stock is close to its record of 100.66 set April 18.

Autohome is a leading online destination for automobile consumers in China.

JD.com (JD), a Chinese e-commerce giant, is due to report earnings early Tuesday as well.

The post Autohome Tops Q1 Earnings Estimates, Guides Higher appeared first on Investor's Business Daily.

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