AP NEWS

Best: 3Q Earnings Snapshot

November 13, 2019 GMT

HANGZHOU, China (AP) _ Best Inc. (BEST) on Wednesday reported a loss of $487,000 in its third quarter.

On a per-share basis, the Hangzhou, China-based company said it had a loss of less than 1 cent. Earnings, adjusted for non-recurring costs, came to 1 cent per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.

The logistics company posted revenue of $1.22 billion in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $1.34 billion.

Best expects full-year revenue in the range of $4.98 billion to $5 billion.

Best shares have climbed 36% since the beginning of the year. The stock has decreased 7% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BEST at https://www.zacks.com/ap/BEST