Investing.com - Baozun (NASDAQ:BZUN) Inc reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Baozun Inc announced earnings per share of 2 on revenue of 2.15B. Analysts polled by Investing.com anticipated EPS of 1.45 on revenue of 2.06B.
Baozun Inc shares are up 19.32% from the beginning of the year, still down 21.48% from its 52 week high of 50.33 set on September 19, 2019. They are under-performing the Nasdaq which is up 25.84% from the start of the year.
Baozun Inc shares lost 5.88% in intra-day trade following the report.
Baozun Inc follows other major Technology sector earnings this month
Baozun Inc's report follows an earnings beat by Apple on July 30, who reported EPS of 2.58 on revenue of 59.69B, compared to forecasts EPS of 2.05 on revenue of 52.29B.
Alphabet C had beat expectations on July 30 with second quarter EPS of 10.13 on revenue of 38.3B, compared to forecast for EPS of 7.95 on revenue of 37.33B.
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