Baozun earnings and revenue for the fourth quarter, reported before the stock market open Wednesday, missed analyst estimates. Baozun stock fell before the open.
The China internet company reported adjusted earnings of 50 cents per share on revenue of $320.36 million, up 41%. Wall Street expected Baozun (BZUN) earnings of 57 cents on revenue of $328.4 million.
Baozun stock fell 4.7% during premarket trading on the stock market today. Shares rose 2.2% to 39.44 on Tuesday, hitting their best levels in nearly 3 months. But Baozun stock is still well below its 67.41 peak set last June.
The company provides e-commerce services that help companies sell goods online. Baozun serves many Western brands seeking help in competing in China's vast e-commerce market.
More to follow
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The post Baozun Earnings, Revenue Miss Q4 Views; Chinese E-Commerce Stock Falls appeared first on Investor's Business Daily.
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