Secoo Reports Unaudited Second Quarter 2019 Results
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Secoo Holding (SECO) Misses Q2 EPS by 6c, Revenues Beat
August 29, 2019 6:20 AM EDTSecoo Holding (NASDAQ: SECO) reported Q2 EPS of $0.12, $0.06 worse than the analyst estimate of $0.18. Revenue for the quarter came in at $249.4 million versus the consensus estimate of $212.76 million.
Highlights for Second Quarter 2019:
GMV1 reached RMB3,238.8 million (US$471.8 million) for Q2 2019, representing an increase of 95.9% from RMB1,653.4 million in Q2 2018.Total number of orders2 was 954.8 thousand for Q2 2019, representing an increase of 109.4% from 455.9 thousand in Q2 2018.Number of active customers3 increased by 67.7% to 428.4 thousand for Q2 2019 from 255.5 thousand in Q2 2018.Total revenues reached RMB1,712.1 million (US$249.4 million) for Q2 2019,... More