Investing.com - Baozun (NASDAQ:BZUN) Inc reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Baozun Inc announced earnings per share of -0.62 on revenue of 1.98B. Analysts polled by Investing.com anticipated EPS of -0.095 on revenue of 1.87B.
Baozun Inc shares are down 30.94% from the beginning of the year, still down 74.84% from its 52 week high of 38.15 set on June 9, 2021. They are under-performing the Nasdaq which is down 25.13% from the start of the year.
Baozun Inc shares gained 21.67% in intra-day trade following the report.
Baozun Inc follows other major Consumer Discretionary sector earnings this month
Baozun Inc's report follows an earnings beat by Panasonic Corp PK on May 11, who reported EPS of 0.1997 on revenue of 15.34B, compared to forecasts EPS of 0.1559 on revenue of 15.34B.
Amazon.com had missed expectations on April 28 with first quarter EPS of -7.56 on revenue of 116.44B, compared to forecast for EPS of 8.35 on revenue of 116.45B.
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