BEST Inc. Announces Unaudited Third Quarter 2020 Financial Results
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BEST Inc (BEST) Misses Q3 EPS by 17c, Revenues Miss
November 19, 2020 5:06 PM ESTBEST Inc (NYSE: BEST) reported Q3 EPS of ($0.23), $0.17 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $1.28 billion versus the consensus estimate of $1.37 billion.
For the Quarter Ended September 30, 2020:
Revenue was RMB8,693.3 million (US$1,280.4 million), a decrease of 0.6% year-over-year ("YoY"). The decrease was primarily due to a decrease in average selling price ("ASP") of Express business, partially offset by an increase in Express volume.Gross Profit was RMB37.6 million (US$5.5 million), a decrease of 92.6% YoY compared to gross profit of RMB507.1 million in the... More