BEST Q2 Adj Earnings Per ADS From Cont Ops $(1.03) Up From $(2.16) YoY, Sales $294.80M Up From $287.61M YoY
Portfolio Pulse from Benzinga Newsdesk
BEST Inc. (NYSE:BEST) reported Q2 adjusted losses of $(1.03) per ADS, a 52.31% improvement from $(2.16) per ADS in the same period last year. Sales for the quarter were $294.80 million, a 2.50% increase from $287.61 million YoY.
August 23, 2023 | 10:02 pm
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POSITIVE IMPACT
BEST Inc. reported a 52.31% improvement in Q2 adjusted losses and a 2.50% increase in sales YoY. This indicates a positive financial performance.
The reported earnings show that BEST Inc. has improved its financial performance compared to the same period last year. The decrease in losses and increase in sales indicate a positive trend, which could potentially lead to a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100