Investing.com - Baozun Inc reported on Tuesday first quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Baozun Inc announced earnings per share of 0.01 on revenue of 1.52B. Analysts polled by Investing.com anticipated EPS of 0.01 on revenue of 1.44B. That with comparison to EPS of 0.57 on revenue of 1.29B in the same period a year before.Baozun Inc had reported EPS of 2.71 on revenue of 2.78B in the previous quarter.Analysts are expecting EPS of 1.05 and revenue of 2.04B in the upcoming quarter.
Baozun Inc shares are up 0.06% from the beginning of the year and are trading at 33.14 , down-from-52-week-high.They are under-performing the Nasdaq which is up 5.58% year to date.
Baozun Inc shares gained 13.07% in intra-day trade the report.
Baozun Inc follows other major Technology sector earnings this month
Baozun Inc's report follows an earnings beat by NVIDIA on May 21, who reported EPS of 1.8 on revenue of 3.08B, compared to forecasts EPS of 1.65 on revenue of 2.97B.
Cisco had beat expectations on May 13 with third quarter EPS of 0.79 on revenue of 11.98B, compared to forecast for EPS of 0.71 on revenue of 11.88B.
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