Autohome Inc ADR

ATHM: XNYS (USA)
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Autohome Earnings: Revenue and Profit Continue to Decline Amid Weak Auto Demand; Shares Fairly Valued

Autohome’s third-quarter revenue declined 26% year on year. A shift in revenue mix toward higher-margin businesses and lower contributions from offline retail led to a 350-basis-point improvement in gross margin. Despite disciplined cost control, net profit fell 54%.

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