ADVERTISEMENT

Best: Q4 Earnings Snapshot

March 8, 2022 GMT

HANGZHOU, China (AP) _ Best Inc. (BEST) on Tuesday reported fourth-quarter net income of $309.8 million, after reporting a loss in the same period a year earlier.

The Hangzhou, China-based company said it had net income of 80 cents per share. Losses, adjusted to account for discontinued operations, came to 28 cents per share.

The logistics company posted revenue of $427.6 million in the period.

For the year, the company reported net income of $41.1 million, or 11 cents per share, swinging to a profit in the period. Revenue was reported as $1.79 billion.

In the final minutes of trading on Tuesday, the company’s shares hit 62 cents. A year ago, they were trading at $2.14.

_____

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