Jumia Technologies Earnings: JMIA misses on revenue, beats on EPS for Q2

Clay Webster FXStreet

Jumia Technologies (NYSE: JMIA), the e-commerce leader in Sub-Saharan Africa, missed revenue estimates for the second quarter by 7%, showcasing revenue of $40.2 million, and slightly beat the loss prediction of analysts. Jumia reported losses of $0.41 a share for the quarter. Wall Street had predicted a loss of $0.44 per share on revenue of $43.3 million for the quarter.

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Author

Clay Webster

FXStreet

Clay Webster grew up in the US outside Buffalo, New York and Lancaster, Pennsylvania. He began investing after college following the 2008 financial crisis.

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