Vipshop's Q1 Adjusted Earnings, Revenue Fall; Q2 Revenue Outlook Issued
MT Newswires Live
May 20
Vipshop (VIPS) reported Q1 adjusted earnings Tuesday of 4.43 Chinese renminbi ($0.61) per diluted American depositary share, down from 4.66 renminbi a year earlier.
Analysts polled by FactSet expected 4.35 renminbi.
Revenue for the quarter ended March 31 was 26.27 billion renminbi, compared with 27.65 billion renminbi a year earlier.
Analysts surveyed by FactSet expected 26.42 billion renminbi.
For Q2, the company expects net revenue to be between 25.5 billion renminbi and 26.9 billion renminbi. Analysts polled by FactSet expect 26.48 billion renminbi.
Shares of the company fell more than 6% in recent premarket activity Tuesday.
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