Baozun Stock Jumps Double Digits After Earnings Beat and Encouraging Guidance
Baozun (NASDAQ: BZUN) reported first-quarter results before the market opened on Tuesday, delivering sales and earnings that topped the market's targets. Revenue climbed 18.4% year over year on a local currency basis to hit roughly 1.52 billion yuan -- or approximately $215.2 million. The average analyst estimate had called for revenue of $204.5 million for the quarter.
Baozun posted non-GAAP (adjusted) net income of 26 million yuan -- working out to earnings of roughly $0.06 per share, which topped the average target for per share earnings of $0.02. The e-commerce player paired the earnings beat with guidance suggesting that sales growth would accelerate in the current quarter, helping to push its share price up roughly 10% on the day as of this writing.
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Source Fool.com
