BEST Inc - ADR

NYSE:BEST   9:45:35 AM EDT
2.93
-0.08 (-2.50%)
Products, Other Pre-Announcement

Best Inc Posts Q3 Adj. Loss Per Share of $0.23

Published: 11/19/2020 22:14 GMT
BEST Inc (BEST) - .
Announces Unaudited Third Quarter 2020 Financial Results.
Q3 Revenue Rmb 8.693 Billion Versus Refinitiv Ibes Estimate of Rmb 10.29 Billion.
Q3 Non-GAAP Loss per Share $0.23.
Says Announces Strategic Refocusing Plan.
Says Will Focus on Its Core Logistics and Supply Chain Management Businesses.
Intends to Optimize Sg&a and Research and Development Expenses to Focus Resources on Core Businesses, Anticipating Estimated Cost Savings of About Rmb200 Million by End of 2021.