Why Dada Nexus Is Falling Today

Shares of Dada Nexus (NASDAQ: DADA) were tumbling 11% in morning trading Tuesday after the Chinese delivery logistics and retail platform operator reported second-quarter earnings after the market closed yesterday.

The decline in the stock seems to be occurring despite Dada reporting that revenue nearly doubled year over year after the number of active customers jumped 71% in the period. The recently IPO'd stock also seems to have met revenue expectations and beaten on earnings, but the outlook for the third quarter may be what underwhelmed.

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Source Fool.com