Best: Q2 Earnings Snapshot
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HANGZHOU, China (AP) — HANGZHOU, China (AP) — Best Inc. (BEST) on Wednesday reported a loss of $20.1 million in its second quarter.
The Hangzhou, China-based company said it had a loss of $1.01 per share. Losses, adjusted to account for discontinued operations, came to $1.03 per share.
The logistics company posted revenue of $294.8 million in the period.
Best expects full-year revenue in the range of $1.17 billion to $1.31 billion.
In the final minutes of trading on Wednesday, the company's shares hit $2.44. A year ago, they were trading at $4.72.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BEST at https://www.zacks.com/ap/BEST
