The 3 Things to Watch in Jumia's Earnings Report
This past April, Wall Street got a special package delivered from a region thousands of miles away.
Jumia (NYSE: JMIA) debuted in what was touted as the IPO of a rare highly valued tech start-up out of Africa. As a provider of an e-commerce platform serving numerous emerging countries across the continent, the company is often regarded as the Amazon of Africa, with 4.8 million active customers as of June 30, representing a 50% increase from the 3.2 million it counted a year prior.
But its stock has been looking a little distressed lately. Following troubling claims of fraud and falsified financial figures, Jumia's stock has tanked around 87% from its May high to now trade around $6.
Source Fool.com
