Uxin Limited (UXIN) 1Q20 Earnings Preview

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Uxin Limited (NASDAQ:UXIN) is reporting first quarter earnings results on Friday 24th July 2020, before market open.

The Company Outlook

Revenue for 1Q20 are expected in a range of $ 11.47 million ~ $ 12.18 million

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Previous Quarter Performance

Uxin Limited unveiled loss for the fourth quarter of $ 0.09 per share, from the revenue of $ 66.85 million. The quarterly revenues reduced 59.55 percent compared with the same quarter last year. Wall street analysts are predicting, UXIN to report 4Q19 loss of $ 0.47 per share from revenue of $ 162.20 million. The bottom line results beat street analysts by $ 0.38 or 80.85 percent, at the same time, top line results fell short of analysts by $ 95.35 million or 58.79 percent.

Historical Earnings Performance
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Stock Performance

According to the previous trading day, closing price of UXIN was $ 1.38, representing a 14.05 % increase from the 52 week low of $ 1.21 and a 63.68 % decrease over the 52 week high of $ 3.80.

The company has a market capital of $ 408.30 million and is part of the Technology sector and Internet Content & Information industry.

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Conference Call

Uxin Limited will be hosting a conference call at 8:00 AM eastern time on 24th July 2020, to discuss its 1Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.xin.com

Uxin Limited, an investment holding company, operates an used car e-commerce platform in China. It operates Uxin Used Car, an application that provides consumers with customized car recommendation, standardized reports of car conditions financing, title transfer, delivery, insurance referral, warranty and other related services; and Uxin Auction, an application that helps business buyers to source vehicles through online auctions. The company also facilitates used car transaction services, and financing solutions offered by third-party financing partners to buyers for their used car purchases through Websites, xin.com and youxinpai.com.