Secoo (NASDAQ:SECO) posted its earnings results on Tuesday. The company reported $0.14 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.14, MarketWatch Earnings reports. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.37 billion. Secoo had a net margin of 3.25% and a return on equity of 11.39%. The company’s revenue for the quarter was up 60.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.05) earnings per share. Secoo updated its Q4 2018 guidance to EPS.
NASDAQ:SECO opened at $10.72 on Wednesday. The firm has a market cap of $128.20 million, a P/E ratio of 14.11 and a beta of 5.44. Secoo has a one year low of $8.00 and a one year high of $15.48. The company has a quick ratio of 0.79, a current ratio of 2.85 and a debt-to-equity ratio of 0.11.
Separately, Zacks Investment Research upgraded shares of Secoo from a “sell” rating to a “hold” rating in a research note on Wednesday, November 7th.
WARNING: This piece was originally reported by WKRB News and is the sole property of of WKRB News. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international trademark and copyright law. The legal version of this piece can be read at https://www.wkrb13.com/2018/12/05/secoo-seco-issues-quarterly-earnings-results.html.
Secoo Company Profile
Secoo Holding Limited, through its subsidiaries, operates an integrated online and offline shopping platform in the People's Republic of China and internationally. The company provides upscale brand products and services, including bags, watches, women's and men's wear, footwear, children's wear, sportswear, cosmetics and skin care products, jewelry, accessories, automobiles, home goods, fine food and beverage products, arts, and Chinese original products, as well as lifestyle services through its Website, mobile applications, and offline experience centers.
Further Reading: What is a Call Option?
Receive News & Ratings for Secoo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Secoo and related companies with MarketBeat.com's FREE daily email newsletter.