Yatsen Holding tumbles on weak forecast, results

Yatsen Holding

10/03/2022 13:27

** Shares of Chinese beauty company  YSG.N  down 10.4% at
$1.11 in premarket trading
    ** YSG forecasts Q1 revenue between 866.7 million yuan 
($137.12 million) and 938.9 mln yuan, representing y-o-y decline
of about 35% to 40%
    ** Posts 22.1% fall in Q4 revenue to 1.53 bln yuan, which is
also below Street's ests  urn:newsml:reuters.com:*:nPn2S0PTna
    ** "The fourth quarter was a challenging quarter, marked by
soft consumer demand and intense competition in the color
cosmetics segment" - CEO
    ** As of last close, stock fell ~42% this year

 
($1 = 6.3209 Chinese yuan renminbi)

 (Reporting by Tiyashi Datta in Bengaluru)
 ((tiyashi.datta@thomsonreuters.com))