Investing.com - Secoo Holding reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Secoo Holding announced earnings per share of 0.22 on revenue of 1.31B. Analysts polled by Investing.com anticipated EPS of 2.15 on revenue of 1.74B.
Secoo Holding shares are down 56.03% from the beginning of the year and are trading at 2.59 , down-from-52-week-high.They are under-performing the Nasdaq which is up 27.7% from the start of the year.
Secoo Holding follows other major Services sector earnings this month
Secoo Holding's report follows an earnings beat by Alibaba ADR on Thursday, August 20, 2020, who reported EPS of 14.82 on revenue of 153.75B, compared to forecasts EPS of 13.82 on revenue of 148B.
Walmart had beat expectations on Tuesday, August 18, 2020 with second quarter EPS of 1.56 on revenue of 137.7B, compared to forecast for EPS of 1.25 on revenue of 135.57B.
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