-- 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%