African e-commerce giant Jumia reported its second-quarter financial performance today. In the wake of its financial reporting this morning, Jumia's shares climbed sharply, gaining more than 15% in early trading to $8.12 per share and bumping slightly to $8.30 per share at the time of publication.
What drove its stock higher? Jumia showed growth across most performance metrics in the second quarter, including revenue that topped expectations.