Jumei Int'l (JMEI) Tops Q2 EPS by 1c, Offers Q3 Revenue Guidance
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Summit Research Cuts Price Target on Jumei Int'l (JMEI) Following 2Q15
August 21, 2015 8:45 AM EDTSummit Research maintained a Buy rating on Jumei International (NYSE: JMEI), and cut the price target to $25.00 (from $30.00), following the company's 2Q15 earnings results. Total revenue came in at $308.1M, well above consensus of $272.0M and its previous guidance range of $270-$279M. The company guided 82%-85% revenue growth for 3Q15.
Analyst Henry Guo commented, "JMEI shares sell-off yesterday... More
