Tuniu Corp: Tumbles on lower revenue, dour outlook

Tuniu

01/12/2020 14:01

** U.S.-listed shares of Chinese online leisure travel
company  TOUR.O  slump 16.3% to $2.3 premarket 
    ** Q3 rev falls 85.5% to 123.5 mln yuan ($18.80 mln), hurt
by the impact of the COVID-19 pandemic
    ** Co posts a loss of 0.15 yuan per share, compared with a
loss of 0.04 yuan a share a year earlier 
    ** TOUR expects Q4 rev between 112.8 mln yuan and 135.4 mln
yuan, a drop of 70% to 75% from 2019
    ** Up to Monday's close, stock up ~11% this year 
    


($1 = 6.5705 Chinese yuan renminbi)

 (Reporting by Shivani Kumaresan in Bengaluru)
 ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780))