Why BEST Inc. Stock Fell Friday [The Motley Fool]
BEST INC (BSTI)
Last best inc earnings: 11/9 05:10 am
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Source: The Motley Fool
Strong revenue growth wasn't enough to impress BEST investors. Daniel Sparks ( TMFDanielSparks ) Nov 9, 2018 at 8:05PM What happened Shares of China-based smart-supply-chain service provider BEST ( NYSE:BSTI ) declined on Friday, falling as much as 15.5%. But the stock ended the trading day down 12.6%. The stock's decline is likely attributable to BEST's wider-than-expected loss per share for its just-reported third quarter. Image source: Getty Images. So what BEST reported third-quarter revenue of 7.2 billion renminbi (RMB), or about $1.05 billion. This was up 34% year over year. BEST continued to generate strong growth in the third quarter, noted BEST CEO Johnny Chou, benefiting greatly from demand for our integrated supply chain services and solutions as a result of healthy e-commerce and New Retail growth, further industry conso
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