Stock Track | Jumia Technologies Plunges in Pre-Market After Q3 Sales Miss Estimates

Stock Track11-07

Shares of Jumia Technologies AG (JMIA) are plunging in pre-market trading on Tuesday after the e-commerce company reported disappointing third-quarter sales that missed analysts' expectations.

For the three months ended September 30, Jumia posted sales of $36.431 million, falling short of the consensus estimate of $36.841 million. The weaker-than-expected top-line performance seems to be weighing heavily on investor sentiment, with the stock down over 7% in pre-market action.

The sales miss raises concerns about Jumia's ability to drive growth and execute on its expansion plans amidst an uncertain macroeconomic environment. Investors will likely be closely watching the company's fourth-quarter results and forward guidance to assess whether the Q3 shortfall was an isolated event or part of a broader slowdown.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1108371545?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-07 19:58","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1108371545","market":"us","top_or_hot":-1,"title":"Stock Track | Jumia Technologies Plunges in Pre-Market After Q3 Sales Miss Estimates","media":"Stock Track","content":"<p>Shares of Jumia Technologies AG (JMIA) are plunging in pre-market trading on Tuesday after the e-commerce company reported disappointing third-quarter sales that missed analysts' expectations.</p>\n\n<p>For the three months ended September 30, Jumia posted sales of $36.431 million, falling short of the consensus estimate of $36.841 million. The weaker-than-expected top-line performance seems to be weighing heavily on investor sentiment, with the stock down over 7% in pre-market action.</p>\n\n<p>The sales miss raises concerns about Jumia's ability to drive growth and execute on its expansion plans amidst an uncertain macroeconomic environment. Investors will likely be closely watching the company's fourth-quarter results and forward guidance to assess whether the Q3 shortfall was an isolated event or part of a broader slowdown.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Jumia Technologies Plunges in Pre-Market After Q3 Sales Miss Estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Jumia Technologies Plunges in Pre-Market After Q3 Sales Miss Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n2024-11-07 19:58 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Jumia Technologies AG (JMIA) are plunging in pre-market trading on Tuesday after the e-commerce company reported disappointing third-quarter sales that missed analysts' expectations.\nFor the...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JMIA","symbol_name":"Jumia Technologies AG","start_time":0,"source_url":"","article_id":"1108371545","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1108371545","pubTimestamp":1730980715,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Jumia Technologies AG  are plunging in pre-market trading on Tuesday after the e-commerce company reported disappointing third-quarter sales that missed analysts' expectations.For the three months ended September 30, Jumia posted sales of $36.431 million, falling short of the consensus estimate of $36.841 million. The weaker-than-expected top-line performance seems to be weighing heavily on investor sentiment, with the stock down over 7% in pre-market action.The sales miss raises conce","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"JMIA":"Jumia Technologies AG"},"translate_title":"第三季度销售额未达预期后，Jumia Technologies股价盘前暴跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JMIA":1},"content_text":"Shares of Jumia Technologies AG (JMIA) are plunging in pre-market trading on Tuesday after the e-commerce company reported disappointing third-quarter sales that missed analysts' expectations.\nFor the three months ended September 30, Jumia posted sales of $36.431 million, falling short of the consensus estimate of $36.841 million. The weaker-than-expected top-line performance seems to be weighing heavily on investor sentiment, with the stock down over 7% in pre-market action.\nThe sales miss raises concerns about Jumia's ability to drive growth and execute on its expansion plans amidst an uncertain macroeconomic environment. Investors will likely be closely watching the company's fourth-quarter results and forward guidance to assess whether the Q3 shortfall was an isolated event or part of a broader slowdown.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1108371545"}