MOGU Announces Third Quarter Fiscal Year 2020 Unaudited Financial Results
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MOGU Inc. (MOGU) Reports Q3 Loss of $2.15, Revenues Miss
March 12, 2020 5:51 AM EDTMOGU Inc. (NYSE: MOGU) reported Q3 EPS of ($2.15). Revenue for the quarter came in at $38.7 million versus the consensus estimate of $55.41 million.
Mr. Qi Chen, Chairman and Chief Executive Officer of MOGU, commented We continued to execute on our innovative LVB e-commerce strategy during Chinas peak shopping season. Our LVB business continued to gain strong growth momentum, increasing 99.5% year-over-year during the quarter as it increasingly accounts for a more meaningful proportion of GMV which increased to 53.2%, up 14.3% sequentially. LVB hours per day also continued to rise, eclipsing 3,800 hours per day in December 2019, up... More
