Previous close | 110.800 |
Open | 112.300 |
Bid | 114.600 x 0 |
Ask | 114.700 x 0 |
Day's range | 111.300 - 115.700 |
52-week range | 109.200 - 195.600 |
Volume | |
Avg. volume | 21,717,874 |
Market cap | 715.431B |
Beta (5Y monthly) | 0.95 |
PE ratio (TTM) | 86.82 |
EPS (TTM) | 1.320 |
Earnings date | 23 Nov 2023 - 08 Dec 2023 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | 195.11 |
(Bloomberg) -- Meituan fell its most in almost three months after warning that growth in its core meal delivery business will slow this quarter, in one of the clearest signs that Chinese economic turbulence is beginning to hurt the country’s internet leaders. Most Read from BloombergUS Health Officials Urge Moving Pot to Lower-Risk CategoryStocks Up Again in ‘Bad News Is Good News’ World: Markets WrapSingapore S$1 Billion Laundering Scandal Embroils Its Banking GiantsCitadel Vets 69,000 Intern A
SHANGHAI (Reuters) -Chinese food delivery giant Meituan on Thursday posted a bigger-than-expected 33.4% rise in second-quarter revenue, defying a slowing Chinese economy, though executives warned of headwinds for its core business in the quarter ahead. Meituan, which offers an app that provides services such as bike-sharing, ticket-booking and maps, reported April-June revenue of 67.9 billion yuan ($9.33 billion), up from 50.9 billion a year earlier. That beat the 66.7 billion expected by 15 analysts in estimates compiled by Refinitiv Eikon.
(Bloomberg) -- A surge in sales expected for Meituan may be a catalyst to its shares, which have outperformed peers as services spending turns out to be a rare bright spot amid deepening investor pessimism. Most Read from BloombergCitadel Vets 69,000 Intern Applicants to Find Next Math GeniusesPutin Agrees to Visit China in First Trip Since Arrest WarrantWhat to Do With a 45-Story Skyscraper and No TenantsS&P 500 Climbs 1% as Traders Dial Back Fed Wagers: Markets WrapUS Court Paves Way for Spot