Yunji Q4 Adj Earnings per ADS$(0.47) , Sales $21.01M Down From $41.86M YoY
Portfolio Pulse from Benzinga Newsdesk
Yunji Inc. (YJ) reported a significant decline in its Q4 earnings, with a loss of $(0.47) per share compared to a $(0.02) loss per share year-over-year. Sales also decreased by 49.81% to $21.01 million from $41.86 million in the same period last year.
March 21, 2024 | 10:51 am
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Yunji Inc. reported a significant decrease in Q4 earnings and sales, indicating a challenging period for the company.
The reported decrease in earnings per share from $(0.02) to $(0.47) and a nearly 50% drop in sales year-over-year are clear indicators of financial distress for Yunji Inc. This significant underperformance is likely to negatively impact investor sentiment and the stock price in the short term.
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