Jumia Technologies News: Why Is JMIA Stock Plunging Today?

Jumia Technologies (NYSE:JMIA) stock is taking a beating on Tuesday after the African e-commerce company posted earnings results from its second quarter of 2024. That Jumia Technologies earnings report starts off badly with its revenue of $36.5 million. That's below Wall Street's estimate of$41.7 million for the quarter. This is down 17.2% year-over-year from $44 million. Jumia Technologies notes that this comes from its marketplace revenue dropping 10$20 million. It also saw First-Party ...