Yahoo Finance Today’s Research Reports on Stocks to Watch: Weibo and Baozun
NEW YORK, NY / ACCESSWIRE / August 14, 2018 / Baozun saw its shares slip on Monday ahead of the company’s second quarter financial report on Wednesday morning. Shares of Weibo Corporation also closed down despite any news. It was last week that the Chinese social media company had reported second quarter results.
RDI Initiates Coverage on:
Weibo Corporation
https://rdinvesting.com/news/?ticker=WB
Baozun Inc.
https://rdinvesting.com/news/?ticker=BZUN
Weibo Corporation shares were down 4.61% at the close on Monday with roughly 3.8 million shares traded. It was last Wednesday that the social media giant in China reported its second quarter financial report. Revenue for the second quarter was $427 million, compared to $253 million in the period a year ago. This represented a jump of 68%. Net Income Attributable to Weibo was $141 million for the second quarter compared to $74 million in the year ago quarter. This was an increase of 92%. GAAP Earnings per share were 62 cents, compared to 33 cents in the second quarter of 2017, showing a growth of 88%. The company added 20 million monthly active users (MAUs) during the second quarter, adding up to 70 million new users over the last year. The total MAU count for the company is 431 million. This is about 19% higher than the year ago period. CEO Gaofei Wang remarked, "In June, 93% of Weibo's MAU were from mobile. With the recent FIFA World Cup and other events, Weibo has once again achieved strong user growth and user engagement this quarter, leveraging our enhanced offering, consistent user engagement, and content distribution, as well as our insights into the market opportunity."
Access RDI’s Weibo Corporation Research Report at:
https://rdinvesting.com/news/?ticker=WB
Baozun Inc. shares closed down 4.68% on Monday with an additional 2.31% loss in after-hours trading. Wall Street was gearing up for the Chinese e-commerce solutions provider's second quarter financial results this morning before the open. Baozun had seen fourth quarter earnings as well as first quarter earnings ahead of expectations. In the first quarter, sales for the company saw a growth of 14.5% year over year. This was the lowest sales growth since 2014, but earnings per share saw a jump of roughly 10% in the quarter. Shares of Baozun had seen a 73.3% jump in the first half of 2018, according to data provided by S&P Global Market Intelligence. The company offers end-to-end e-commerce solutions, including IT infrastructure setup and integration, online store design and setup, store operations, visual merchandizing and marketing campaigns, customer services, warehousing, and order fulfillment.
Access RDI’s Baozun Inc. Research Report at:
https://rdinvesting.com/news/?ticker=BZUN
Our Actionable Research on Weibo Corporation (NASDAQ: WB) and Baozun Inc. (NASDAQ: BZUN) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
