Is Baozun's Post-Earnings Plunge a Buying Opportunity?
Shares of Baozun (NASDAQ: BZUN) plunged 17% on Nov. 22 after the e-commerce solutions provider reported its third quarter earnings. That decline was surprising, since Baozun's headline numbers looked solid.
Its revenue rose 19% annually to 890.2 million yuan ($133.8 million), beating expectations by $1.65 million. Its non-GAAP net income grew 25% to 35.1 million yuan ($5.3 million), or 0.59 yuan ($0.09) per ADS, which also topped estimates by a penny.
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Source: Fool.com
Baozun Inc ADR Stock
€2.56
0.790%
The community is currently still undecided about Baozun Inc ADR with 0 Buy predictions and 1 Sell predictions.
A potential of -21.88%, resulting from comparing the current price of 2.56 € with the target price of 2 € for Baozun Inc ADR, shows the chance of incurring significant losses.
