Investing.com - Vipshop (NYSE:VIPS) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Vipshop announced earnings per share of 1.92 on revenue of 24.11B. Analysts polled by Investing.com anticipated EPS of 1.98 on revenue of 23.85B.
Vipshop shares are up 35.92% from the beginning of the year, still down 21.23% from its 52 week high of 24.45 set on August 18. They are outperforming the EUR/USD which is down 0% from the start of the year.
Vipshop follows other major Services sector earnings this month
Vipshop's report follows an earnings beat by Amazon.com on July 30, who reported EPS of 10.3 on revenue of 88.91B, compared to forecasts EPS of 1.48 on revenue of 81.45B.
Visa A had beat expectations on July 28 with third quarter EPS of 1.06 on revenue of 4.84B, compared to forecast for EPS of 1.03 on revenue of 4.82B.
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