Baozun Inc: Rises on upbeat Q2 results, Q3 forecast

Baozun

21/08/2019 11:40

** American depository shares of Chinese e-commerce
solutions firm  BZUN.O  up 2.5% at $51.33 in premarket trade
after posting Q2 results
    ** Co posts Q2 rev of 1.70 bln yuan ($240.61 million) vs est
of 1.58 bln yuan; net income attributable/ADS of 1.41 yuan vs
est of 1.30 yuan/ADS Refinitiv  urn:newsml:reuters.com:*:nGNX7v1z0D
    ** Forecasts Q3 rev between 1.50 bln yuan and 1.55 bln yuan,
above est of 1.51 bln yuan - Refinitiv
    ** Up to Tuesday's close, BZUN's ADS has risen 71% so far
this year, compared with a ~20 increase in the Nasdaq Composite
Index  .IXIC 
    
    
($1 = 7.0653 Chinese yuan renminbi)

 (Reporting by Sayanti Chakraborty in Bengaluru)