Jumia Technologies AG (NYSE:JMIA) is reporting third quarter financial results on Tuesday 10th November 2020, before market open.
Previous Quarter Performance
Jumia Technologies AG reported loss for the second quarter of $ 0.55 per share, from the revenue of $ 38.48 million. The quarterly revenues declined 15.56 percent compared with the same quarter last year. Wall street analysts are predicting, JMIA to report 2Q20 loss of $ 0.70 per share from revenue of $ 37.06 million. The bottom line results beat street analysts by $ 0.15 or 21.43 percent, at the same time, top line results outshined analysts by $ 1.42 million or 3.83 percent.
Stock Performance
Shares of Jumia Technologies AG traded low $ -2.95 or -15.57 percent on Monday, reaching $ 16.00 with volume of 13.76 million shares. Jumia Technologies AG has traded high as $ 17.85 and has cracked $ 15.81 on the downward trend
According to the previous trading day, closing price of $ 16.00, representing a 781.40 % increase from the 52 week low of $ 2.15 and a 20.71 % decrease over the 52 week high of $ 23.90.
The company has a market capital of $ 1.25 billion and is part of the Consumer Cyclical sector and Specialty Retail industry.
Conference Call
Jumia Technologies AG will be hosting a conference call at 8:30 AM eastern time on 10th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website group.jumia.com
Jumia Technologies AG operates an e-commerce platform in Africa. The companys platform consists of marketplace, which connects sellers with consumers; logistics service that enables the shipment and delivery of packages from sellers to consumers; and payment service, which facilitates transactions to participants active on the companys platform in selected markets. Its marketplace offers various products in a range of categories, including fashion and apparel, smartphones, home and living, consumer packaged goods, beauty and perfumes, and other electronics, as well as access to various services, such as restaurant food delivery, hotel and flight booking, classified advertising, airtime recharge, and instant delivery.
