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Technology Stocks : AUTOHOME, Inc
ATHM 24.08-3.1%Nov 14 9:30 AM EST

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To: Jing Qian who wrote (4168)1/11/1999 9:18:00 PM
From: RocketMan  Read Replies (1) of 29970
 
Back of the envelope: $247M over 57 months is $4.3M per month. With 122M shares outstanding, that is 3.5 cents per share per month, or 10.6 cents per share per quarter impact. Analyst estimates were for 6 cents per share loss 4Q98, but with a 6% subscriber growth surprise (350k vs 330k), the loss might only be 4 or 5 cents. But with the accounting change, that might go to 15 cents. That is probably in the noise in the long term, but it is not an insignificant change. This might be enough to move profitability out another year, unless they really increase 99 subscriber base. Comments?
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