Autohome (ATHM) reported Q1 adjusted earnings Thursday of 1.54 Chinese renminbi ($0.22) per diluted American depositary share, down from 3.52 renminbi a year earlier.

Three analysts polled by FactSet expected 1.55 renminbi.

Net revenue for the quarter ended March 31 was 1.05 billion renminbi, down from 1.45 billion renminbi a year earlier.

Analysts surveyed by FactSet expected 1.08 billion renminbi.

The company's shares were down 2.3% in premarket activity.