BEST Reports Q3 Adj. Loss Per ADS From Continuing Operations Of $(1.21), Sales Of $305.20M
Portfolio Pulse from Benzinga Newsdesk
BEST Inc. reported a Q3 adjusted loss per ADS from continuing operations of $(1.21) and sales of $305.20 million.
November 22, 2023 | 10:04 pm
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NEGATIVE IMPACT
BEST Inc. experienced a significant adjusted loss per ADS of $(1.21) in Q3, alongside sales of $305.20 million.
The reported adjusted loss per ADS is a critical financial metric that indicates the company's profitability. A loss of $(1.21) per ADS is substantial and could lead to negative investor sentiment in the short term, potentially driving the stock price down.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100