Bulletin: Easy car net fourth quarter revenue exceeded analyst expectations

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Beijing Time March 6 Evening News, Easy Car Network (Nyse:bita) today released the end of the 2013 fiscal year ended December 31, the quarter and the full year earnings.

Easy Car Network fourth quarter, revenue for 483.6 million yuan, an increase of 36.3%. Based on IFRS, profits were 93.4 million yuan (about 15.4 million U.S. dollars), up 54.2% per cent year-on-year. Based on non-US General Accounting Standards (NON-GAAP), the profit was 103.3 million yuan (about 17.1 million U.S. dollars), up 58.4%.

According to Yahoo's financial data, 1 analysts on average expect a 0.36-dollar gain per share in the fourth quarter, according to U.S. General Accounting Standards (GAAP). Earnings showed that the fourth quarter earnings per share of 0.36 U.S. dollars, and analysts expected to be flat.

In addition, on average, 1 Wall Street analysts expect the fourth-quarter revenue to reach $77.6 million trillion, according to U.S. General Accounting Standards (GAAP). Earnings showed the fourth quarter revenue of the easy Car network was 79.9 million U.S. dollars, exceeding analysts ' expectations.

According to Yahoo's financial data, 2 of Wall Street analysts on average expect a 0.99-dollar gain per share in the 2013 fiscal year, according to U.S. General Accounting Standards (GAAP). Earnings showed that the net's 2013 fiscal year earnings per share of 0.95 U.S. dollars, less than analysts expected.

In addition, on average, 1 analysts on Wall Street expect the 2013 fiscal year's revenue to reach $233.7 million in the US General Accounting Standards (GAAP). Earnings showed that the 2013 fiscal year revenue for the easy Car network was 237.8 million U.S. dollars, exceeding analysts ' expectations.