US-listed shares of Dada Nexus rise on rev beat, narrow loss

Dada Nexus

16/08/2023 11:45

** U.S.-listed shares of online retail company Dada Nexus
 DADA.O  up 3.6% at $5.39 in premarket trade
    ** Q2 rev beats Refinitiv IBES estimate with over 23% jump 
    ** Narrows net loss
    ** Sees Q3 revenue between RMB2.80 bln and RMB3.00 bln vs
analysts' estimates of ~RMB3 bln  
    ** As of last close, U.S.-listed shares of DADA down ~25%
this year

 (Reporting by Saikeerthi in Bengaluru)
 ((Saikeerthi@thomsonreuters.com;))