Dada Nexus Ltd ADR (DADA) said after close Monday that it lost $0.08 per share in quarter four 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $382 million, missing estimates by $48.5 million.
In the same quarter a year ago, the company lost $0.1 per share on revenue of $376.9 million.
The stock is down 15.76% to $2.13 after the report.
The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.
Wall Street Analysts had an average rating of Buy on the stock prior to the report.
Trading in the five days leading up to the report earned Dada Nexus Ltd ADR a Bullish Sentiment Rank from InvestorsObserver.
Prior to the report, InvestorsObserver gave the stock an overall score of 47. Meanwhile, the average Wall Street analyst rated the stock a Buy.
Dada Nexus Ltd is a platform of local on-demand retail and delivery in China. It operates JD-Daojia (JDDJ), China's local on-demand retail platform, and Dada Now, a local on-demand delivery platform in China. The company generates revenue from intra-city delivery services to JDDJ retailer customers, commission fees charged to retailers for using the platform, online marketing services, and packaging services.
News Home
Dada Nexus Ltd ADR Down 15.76% To $2.13 After Earnings Miss
Mentioned in this article
