-=Autohome (ATHM) reported earnings on Wed 8 Aug 2018 (b/o)

Autohome beats by $0.03, beats on revs 

• Reports Q2 (Jun) earnings of $0.88 per share, $0.03 better than the Capital IQ Consensus of $0.85.
  • Operating profit increased 31.8% to RMB748.4 million ($113.1 million) from RMB567.8 million in the corresponding period of 2017.
  • Media services revenues increased 24.5% to RMB930.2 million ($140.6 million) from RMB746.9 million in the corresponding period of 2017.
  • Leads generation services revenues increased 28.0% to RMB740.0 million ($111.8 million) from RMB578.1 million in the corresponding period of 2017.
  • Online marketplace and others revenues increased 104.2% to RMB198.7 million ($30.0 million) from RMB97.3 million in the corresponding period of 2017, primarily due to the increased contribution from auto-financing business and data products.
• Co issues guidancefor Q3, sees Q3 revs of $306-309 mln, may not be comparable to $284.85 mln Capital IQ Consensus Estimate.
  • Autohome currently expects to generate net revenues in the range of RMB1,850 million ($279.6 million) to RMB1,870 million ($282.6 million) in the third quarter of fiscal year 2018
  • If presented on gross basis including value-added tax, the same basis as that for the year 2017, net revenues are expected to be between RMB2,025 million ($306.0 million) to RMB2,045 million ($309.0 million) in the third quarter of fiscal year 2018.