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Jumia Technologies Shares Rise After Q1 Revenue Increases
Jumia Technologies (JMIA) shares rose 16% in afternoon trading on Thursday after the company posted higher Q1 revenue.The company reported a Q1 operating loss of $13.9 million, narrower than loss of $18.7 million a year earlier.Revenue for the quarter ended March 31 was $50.6 million, up from $36.3 million a year earlier.Four analysts polled by FactSet expected revenue of $46.5 million.Price: $8.70, Change: $+1.24, Percent Change: +16.62%
$JMIA
