Boqii Holding Ltd ADR (BQ) said ahead of Monday’s opening that it lost $0.04 per share in the fourth quarter of 2022. The company reported earnings on an adjusted basis, so it may not be directly comparable to analysts’ estimates or prior periods.
On the revenue line, the company reported $39.4 million, missing estimates of $46,000.
In the same quarter a year ago, the company lost $0.09 per share on revenue of $35.2 million.
The stock is down 8.77% at $1.98 after the report.
The company’s lower revenue growth relative to earnings indicates that the company has been able to reduce costs and improve its profit margin overall.
The average recommendation from Wall Street analysts was a strong buy which could be revised based on this new data.
Trading in the five days leading up to the report earned Boqii Holding Ltd ADR a bullish sentiment ranking of InvestorsObserver.
Boqii Holding Ltd ADR has performed poorly over the past few months, earning a low long-term technical ranking by InvestorsObserver of 0, placing Boqii Holding Ltd ADR in the bottom 25% of stocks. The company was recently trading at a 52-week low of $1.33 on May 12, 2022 and set a 52-week high on June 18, 2021 at $37.32.
Boqii Holding Ltd is engaged in selling pet products through online stores. The store offers pet food, health care products, pet grooming products, pet bath products, pet toys, aquariums, aquatic fertilizers, pet equipment. temperature control, oxygen pumps and other related products. Additionally, the company sells its products through offline channels to pet stores and hospitals.