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Tuniu Corp. Q3 loss widens 30.3% YOY

Tuniu Corp. said its third-quarter normalized net income was a loss of 2.80 yuan per share, compared with the S&P Capital IQ consensus estimate of a loss of 3.87 yuan per share.

The per-share loss narrowed year over year from 2.84 yuan.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 353.1 million yuan, compared with a loss of 271.0 million yuan in the prior-year period.

The normalized profit margin climbed to negative 8.5% from negative 9.1% in the year-earlier period.

Total revenue climbed 35.7% on an annual basis to 4.05 billion yuan from 2.98 billion yuan, and total operating expenses climbed 39.0% from the prior-year period to 4.64 billion yuan from 3.34 billion yuan.

Reported net income came to a loss of 568.5 million yuan, or a loss of 4.51 yuan per share, compared to a loss of 433.3 million yuan, or a loss of 4.54 yuan per share, in the prior-year period.

As of Nov. 30, US$1 was equivalent to 6.89 yuan.