HANGZHOU ZHEJIANG PROVINCE, China (AP) — HANGZHOU ZHEJIANG PROVINCE, China (AP) — Best Inc. (BEST) on Thursday reported a loss of $22.3 million in its first quarter.
The Hangzhou Zhejiang Province, China-based company said it had a loss of $1.20 per share. Losses, adjusted for stock option expense, came to $1.15 per share.
The logistics company posted revenue of $269 million in the period.
The company’s shares closed at $2.06. A year ago, they were trading at $2.30.
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