Baozun shares rise after surge in Q3 revenue, CFO appointment

LightInthebox Holding

21/11/2018 14:09

** Shares of Baozun Inc  BZUN.O  rise 11 pct premarket,
after the Chinese e-commerce co reports surge in Q3 rev,
appoints new CFO
    ** Q3 rev soars ~25 pct to $161.7 mln (1.11 bln yuan),
reports non-GAAP EPS of 13 cents  urn:newsml:reuters.com:*:nGNX6h9GQ2
    ** Co says total order value reached a record high of 6.55
bln yuan on Singles Day 2018, a 31 pct rise from last year
    ** Sees Q4 rev between 2.2 bln - 2.25 bln yuan as co expects
gross merchandise volume to grow 40-45 pct
    ** Co has beaten EPS and rev estimates in atleast past 8
qtrs, according to TR data
    ** Appoints Robin Lu as CFO, who joins from e-commerce co
LightInTheBox Holding Co Ltd  LITB.N 
    ** Up to Tuesday's close, BZUN shares had fallen 4.5 pct
this year, after gaining in the previous three years

 (Reporting by Sruthi Shankar in Bengaluru)