Today's Research Reports on Trending Tickers: Baozun and Bilibili
NEW YORK, NY / ACCESSWIRE / November 23, 2018 / Chinese stocks Baozun Inc. and Bilibili were both skyrocketing on Wednesday after the companies reported third quarter results.
The Market Edge Initiates Coverage on:
Baozun Inc.
https://marketedgereport.com/report/BZUN/
Bilibili Inc.
https://marketedgereport.com/report/BILI/
Baozun Inc. shares were up 7.67% Wednesday at the close on about 11 million shares traded. China's largest brand E-commerce business partner saw its shares explode after reporting third quarter results. Earnings per share of 13 cents was an increase over the company’s earnings per share of 9 cents from the same period of the year prior. Analysts were waiting for 11 cents for the quarter. Baozun’s revenue was $161.73 million while analysts had expected $158.02 million. CEO Vincent Qiu stated on the earnings call, "We delivered another solid quarter with total GMV increasing by 55% year-over-year. Growth continues to be driven by the existing online stores and the improved efficiency as we convert the clutter in developing new and innovative products, backhand order, and the warehousing systems, and other omnichannel solutions. We expanded the number of the brand partners we work with to 172 at the end of Q3, an increase from 146 during the same period last year. The newly added brands are mainly in apparel, cosmetics, and FMCG categories, in particular. We, again, beat our fee of competition to sign contracts with one of the world's largest multinational toy manufacturing company and a leading luxury winter clothing company. Our pipeline remains a strike over with a number of leading global brands expected to come on board in the near future, including ones in apparel, luxury, and FMCG categories."
Access The Market Edge's Baozun Inc. Research Report:
https://marketedgereport.com/report/BZUN/
Bilibili Inc. shares closed up 11.32% Wednesday on nearly 19.5 million shares traded. The Chinese gaming and video company saw its shares rise after reporting financial results. Bilibili reported third quarter results that revealed a $0.13-per-share loss ($0.10, pro forma). This was worse than the $0.08 loss Wall Street had predicted. Traders may have been more focused on revenue which beat expectations. Revenue had grown 48% year over year and hit 157.1 million in sales for the quarter. Analysts had been waiting for just $146.7 million. Traders may have also been impressed with the company's monthly active users growing 25%, and monthly paying users more than tripled to 3.5 million. Chief Financial Officer of Bilibili Xin Fan remarked on the earnings call, "Leveraging our high-quality content, we are attracting a number of users to our platform. The user interaction, which members help to create and solidify a community, supporting a high-level of user engagement and the commercialization comes naturally through our understanding of each user's entertainment leads." The company made its IPO earlier this March and has since seen its share price gain about 35%.
Access The Market Edge's Bilibili Inc. Research Report:
https://marketedgereport.com/report/BILI/
Our Actionable Research on Baozun Inc. (NASDAQ : BZUN ) and Bilibili Inc. (NASDAQ :BILI) can be downloaded free of charge at The Market Edge.
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SOURCE: MarketEdgeReport
