BEST Inc. Announces Unaudited Third Quarter 2018 Financial Results
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BEST Inc. (BSTI) PT Lowered to $8 at KeyBanc Following 3Q
November 12, 2018 7:11 AM ESTKeyBanc analyst, Hans Chung, lowered the price target on BEST Inc. (NYSE: BSTI) to $8.00 (from $11.00) while maintaining a Overweight rating. BSTI reported revenue of ¥7.19B, slightly above consensus of ¥7.09B. Gross margin of 5.4% was below consensus of 8.0%, equating to non-GAAP EBITDA of ¥1M,... More
BEST Inc. (BSTI) Misses Q3 EPS by 5c, Revenues Beat; Offers FY18 Revenue Guidance Below Consensus
November 9, 2018 5:40 AM ESTBEST Inc. (NYSE: BSTI) reported Q3 EPS of ($0.04), $0.05 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $1.05 billion versus the consensus estimate of $1.04 billion.
"BEST continued to generate strong growth in the third quarter, benefitting greatly from demand for our integrated supply chain services and solutions as a result of healthy e-commerce and New Retail growth, further industry consolidation, and our sharp strategic focus and execution," said Johnny Chou, Chairman and Chief Executive Officer of BEST. "Despite competitive market conditions, our growth continued to outpace the market thanks... More
