Scalper1 News
China’s Jumei International (JMEI) illustrated the risks that high-flying IPOs often bear. The recent new issue on Tuesday posted its biggest single-day drop since June 12, following its report of second-quarter results after Monday’s close. Earnings per share minus items rose 23% to 16 cents and beat views by 4 cents. But after-tax margin slimmed to 14% vs. 14.5% in the year-ago quarter. The online retailer of beauty products said Q2 revenue rose Scalper1 News
Scalper1 News