Key Takeaways:
Smart Share Global’s revenue plunged more than 50% in the first quarter, as revenue from its core charging services tumbled amid its business transformation
The company is gradually shifting operational responsibilities for its network of Energy Monster power bank cabinets to third-party business partners
Companies Reporting Before The Bell
• Universal Stainless (NASDAQ:USAP) is expected to report quarterly earnings at $0.32 per share on revenue of $78.65 million.