ATHM - Autohome shares are down 9% after downside Q4 revenue outlook

Autohome (ATHM) shares are down 9.4% after this morning's Q3 report posted a narrow revenue beat and included downside guidance for the current quarter.Q3 revenue was up 12% Y/Y to $341.05M, which is $7.3M above consensus estimates. EPS was $1.11, a stronger $0.11 above consensus."With a heightened emphasis on new initiatives, our data products delivered another quarter of robust growth with 51% year-over-year increase, driven by revenues from both OEMs and dealers.  Additionally, non-GAAP net income increased significantly by RMB199.3 million compared with the same period last year, demonstrating the increasing value of our platform. In October, we made a follow-on investment in TTP Car Inc. to accelerate the expansion of our used car platform and further build out a comprehensive C2B2C ecosystem. Bolstered by an expanded array of growth drivers, a more balanced revenue mix and further enhanced operating efficiencies, we are well-positioned to achieve our long-term goals and create

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Autohome shares are down 9% after downside Q4 revenue outlook