UXIN: Tumbles on dismal Q3 forecast

Uxin

23/09/2019 16:36

** Shares of online car auctioneer  UXIN.O  tumble 12.6% to
$2.85; their worst day in more than 5 months and at lowest since
Sept. 5
    ** Misses Q2 est. for rev and forecasts Q3 rev below
expectations  urn:newsml:reuters.com:*:nGNXc6GHqs
    ** Expects Q3 rev of 440 mln yuan-460 mln yuan ($64.65
million) vs. est. 957 mln yuan -IBES
    ** Shares have fallen ~41% YTD vs. ~22% rise in Nasdaq
 .IXIC 

($1 = 7.1218 Chinese yuan renminbi)


 (Reporting by Ambhini Aishwarya in Bengaluru)
 ((Aishwarya.Ambhini@thomsonreuters.com; within U.S.+1 646 223
8780; outside U.S. +91 80 6749 0543;))