Qunar Mobile Revenue Soars As China Travel Heats Up

By | August 21, 2014

Scalper1 News

Qunar Cayman Islands’ (QUNR) second-quarter revenue jumped as mobile revenue soared more than 500%, sending shares up late Thursday. The Chinese travel company, which is majority held by Baidu (BIDU), reported a 127% jump in Q2 revenue to $64.5 million. Analysts polled by Thomson Reuters were expecting $56 million. Qunar lost 57 cents per American Depositary Share, or 19 cents per ordinary share. Shares rallied nearly 7% in after-hours trading on Scalper1 News

Scalper1 News