AutoNavi Holdings Q2 Profit Down - Quick Facts

(RTTNews) - AutoNavi Holdings Ltd.'s (AMAP) second-quarter 2013 net income attributable to shareholders dropped to $3.8 million, from $8.8 million in the second quarter of 2012. Non-GAAP net income attributable to AutoNavi shareholders totaled $6.2 million in the latest quarter.

Quarterly net income per American depositary share or "ADS" attributable to AutoNavi shareholders for the second quarter of 2013 was $0.06, versus $0.17 in the year-ago period. One ADS represents four ordinary shares. Net income per ordinary share slid year-on-year to $0.02, from $0.04 a year before. On average, 2 analysts polled by Thomson Reuters expected the company to earn $0.15 per share for the quarter. Analysts' estimates typically exclude special items.

Net revenues for the period totaled $38.2 million, compared with $40.2 million in the second quarter of 2012. Three analysts estimated revenue of $42.89 million for the quarter.