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Why Dada Nexus Is Falling Today

TheMotleyFool

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Why Dada Nexus Is Falling TodayPhoto, wide shot, wide-angle lens, Metal fabrication, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Hiroshi Sugimoto: https://img.midjourneyapi.xyz/temp/568784d0-c41a-4663-ab01-91f29a370903.png

Shares of Dada Nexus (NASDAQ: DADA) were tumbling 11% in morning trading Tuesday after the Chinese delivery logistics and retail platform operator reported second-quarter earnings after the market closed yesterday.

The decline in the stock seems to be occurring despite Dada reporting that revenue nearly doubled year over year after the number of active customers jumped 71% in the period. The recently IPO'd stock also seems to have met revenue expectations and beaten on earnings, but the outlook for the third quarter may be what underwhelmed.

Image source: Getty Images.

Source Fool.com

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