Investing.com - Baozun Inc reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Baozun Inc announced earnings per share of 1.06 on revenue of 2.3B. Analysts polled by Investing.com anticipated EPS of 1.93 on revenue of 2.56B.
Baozun Inc shares are down 42.21% from the beginning of the year and are trading at 19.85 , down-from-52-week-high.They are under-performing the Nasdaq which is up 12.58% from the start of the year.
Baozun Inc shares lost 6.10% 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 Apple on July 27, who reported EPS of 1.3 on revenue of 81.43B, compared to forecasts EPS of 1.01 on revenue of 73.33B.
Alphabet C had beat expectations on July 27 with second quarter EPS of 27.26 on revenue of 61.88B, compared to forecast for EPS of 19.33 on revenue of 56.19B.
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