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Autohome (ATHM) Stock Falls on Q3 Revenue Outlook

NEW YORK (TheStreet) -- Shares of Autohome (ATHM) were down 5.18% to $25.26 on heavy trading volume late Tuesday morning after issuing current-quarter revenue guidance below analysts' projections.

Before the market open, the Chinese car website said it expects to report 2016 third-quarter revenue between $203.1 million and $209.8 million, while analysts are looking for revenue of $245.0 million for the period.

For the second quarter, Autohome reported adjusted earnings of 51 cents per ADS, topping analysts' estimates of 39 cents per ADS.

Revenue rose...