Autohome Q2 Profit, Revenue Climb - Quick Facts

(RTTNews) - Autohome Inc. (ATHM), an online destination for automobile consumers in China, Wednesday said its second-quarter net income increased to 304.93 million yuan or $49.18 million from 206.30 million yuan in the prior year.

Adjusted net income increased 47.9 percent to 324.8 million yuan.

Net revenues increased 69.9 percent year-over-year to 861.0 million yuan or $138.9 million from 506.78 million yuan last year.

James Qin, Chief Executive Officer of Autohome, said, "We are pleased to have achieved another solid set of quarterly results, which again exceeded our original expectations."

Autohome currently expects to generate net revenues in the range of 850 million yuan to 884 million yuan in the third quarter.