Tuniu (TOUR) Reports Q3 Loss of $0.06, Revenues Miss

Tuniu (NASDAQ: TOUR) reported Q3 EPS of ($0.06), versus $0.00 reported last year. Revenue for the quarter came in at $18.2 million versus the consensus estimate of $24.95 million.

"In the third quarter, as China's domestic travel industry further recovered, Tuniu's revenues continued to improve with declining operating expenses for the third consecutive quarter as our operating cash flow turned positive," said Mr. Donald Dunde Yu, Tuniu's founder, Chairman and Chief Executive Officer. "With our strong supply chain advantages, innovative product models and diverse customer acquisition channels, Tuniu is able to offer Chinese travelers highly satisfying and cost-effective products. Looking ahead, we are confident that Tuniu is well positioned to grasp opportunities, expand our core competencies and strengthen our market position."

For earnings history and earnings-related data on Tuniu (TOUR) click here.

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