Dada Nexus Rating Upped at Citi After Q2 Report
Dada Nexus Analyst Ratings
Dada Nexus (DADA.US) reported a net revenue of 2.35 billion yuan in the second quarter, with a year-on-year growth of 46.6% for Dada Now's net revenue.
On August 21st, Dada Nexus (DADA.US) announced the unaudited financial results for the second quarter of 2024. The total net revenue for the second quarter of 2024 was 2.35 billion yuan, compared to 2.597 billion yuan in the same period in 2023, a year-on-year decrease of 9.5%. The net loss for the second quarter of 2024 was 0.286 billion yuan, compared to 0.159 billion yuan in the same period in 2023. The basic and diluted net loss per ordinary share for the second quarter was 0.27 yuan, compared to 0.15 yuan in the second quarter of 2023. In terms of revenue, for the second quarter of 2024, JD.com's net revenue from instant delivery was 0.912 billion yuan, compared to last year.
Dada Nexus (DADA.US) announced the election of Qing Guo as the Chairman of the Board of Directors.
On August 21st, Dada Nexus (DADA.US) announced today that the board of directors has elected Guo Qing as a member of the board of directors and a member of the board of directors' remuneration committee. From August 20, 2024, he will take over as the chairman of the board of directors, replacing Shan Su. Shan Su will continue to serve as a member of the board of directors and the board of directors' nomination and corporate governance committee. After this change, the board of directors will consist of six members, three of whom are independent directors. In addition, Fu Bing has informed the board of directors that he will resign as interim president of the company on August 20, 2024, due to personal reasons. At the same time, the board of directors is actively evaluating the company's leadership structure to suit its needs.
Express News | Dada Nexus Ltd : Citigroup Raises to Neutral From Sell; Raises Target Price to $1.50 From $1
Dada Nexus (DADA.US) Q2 revenue decreased by 9.5% year-on-year, appointing a new chairman of the board of directors.
dada nexus (DADA.US) announced its financial report for the second quarter of the 2024 fiscal year on Wednesday.
Citi Upgrades Dada Nexus(DADA.US) to Hold Rating, Cuts Target Price to $1.5
Dada Nexus Announces Executive Leadership Changes
Citigroup Upgrades Dada Nexus to Neutral From Sell, Adjusts Price Target to $1.50 From $1
Dada Nexus | 6-K: Report of foreign private issuer (related to financial reporting)
Dada Nexus Limited (DADA) Q2 2024 Earnings Call Transcript Summary
Express News | Dada Nexus Q2 EPS $(0.08) Beats $(0.10) Estimate, Sales $324.53M Beat $317.35M Estimate
Dada Nexus GAAP EPS of -RMB 0.14, Revenue of RMB 2.35B
Dada Nexus Names Kevin Qing Guo as Chairman of Its Board
Express News | Dada Nexus Ltd: Q2 Adj Shr Loss RMB 0.14
Earnings Flash (DADA) DADA NEXUS LIMITED Reports Q2 Revenue RMB2.35B
Express News | Dada Q2 Adjusted Net Income RMB -142.3 Million
Express News | Dada Q2 Revenue RMB 2,349.9 Million
Express News | Dada Announces Unaudited Second Quarter 2024 Financial Results
Express News | Dada Q2 Net Income RMB -286.2 Million