Jumia Technologies Q3 Sales $44.90M Miss $46.17M Estimate
Portfolio Pulse from Benzinga Newsdesk
Jumia Technologies (NYSE:JMIA) reported Q3 sales of $44.90M, missing the consensus estimate of $46.17M by 2.75% and marking an 11.07% decrease from the same period last year.
November 15, 2023 | 11:51 am
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Jumia Technologies reported lower than expected Q3 sales, missing estimates and showing a year-over-year decline.
Missing sales estimates and reporting a significant year-over-year decline is typically seen as a negative indicator for a company's financial health and often leads to a negative short-term reaction in the stock market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100