|Bid||13.77 x 1000|
|Ask||13.88 x 2900|
|Day's Range||12.50 - 14.96|
|52 Week Range||2.15 - 23.90|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 12, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||8.47|
Shares of Jumia Technologies (NYSE: JMIA) were up 5% at 2:54 p.m. EDT on Thursday, having lost a little momentum after spending most of the morning up by double digits. Jumia, the e-commerce start-up looking to become the first mover in Africa's biggest markets, reported second-quarter earnings that fell well short of many investors' expectations. The company had a 10% revenue decline, surprising many people who expected every e-commerce company to be reporting big growth.
With us today are Sacha Poignonnec and Jeremy Hodara, co-founders and co-CEOs of Jumia; as well as Antoine Maillet-Mezeray, CFO. Actual results may differ materially from those indicated in the forward-looking statements.
Shares of Jumia Technologies (NYSE: JMIA) were taking a dive today after the African e-commerce company posted disappointing results in its second-quarter report. Jumia's revenue declined 10% in the quarter to 34.9 million euros, but that was actually better than analyst estimates of an 18.7% decline in revenue. Further down the income statement, the company made progress as gross profit increased 38% to 23.3 million euros, and gross profit after fulfillment expense reached a record 6 million euros, compared to a loss of 0.7 million euros in the quarter a year ago.