Autohome reported fourth-quarter results early Thursday that beat on earnings but missed on revenue. ATHM stock dropped on the news.
The company reported adjusted income of 78 cents a share on revenue of $274.5 million. Analysts expected Autohome to report adjusted income of 72 cents a share on revenue of $279 million. But revenue rose 12% from the year-ago period.
ATHM stock fell 1.8% to close at 35.83 on the stock market today.
For the year, Autohome revenue grew 8.6% to $1 billion.
ATHM Stock: Progress In Two Key Areas
Autohome is a leading provider of online data and services that Chinese consumers use to make auto-buying decisions. It also provides sales leads, data analysis, and marketing services to assist automakers and dealers in facilitating transactions.
"We achieved significant progress in two key areas — content ecosystem construction and exploration of new initiatives," Chief Executive Quan Long said in a written statement with the news release.
Long went on to say: "On the content front, we successfully leveraged our big IP brands to promote our video-based strategy, and formed partnerships and organized cross-promotional activities with multiple internet platforms to explore new automotive lifestyle experiences."
Through Wednesday's close, ATHM stock was up roughly 19% for the year.
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