Investing.com - Vipshop (NYSE:VIPS) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Vipshop announced earnings per share of 2.41 on revenue of 28.40B. Analysts polled by Investing.com anticipated EPS of 2.19 on revenue of 27.75B.
Vipshop shares are down 12.17% from the beginning of the year, still down 46.33% from its 52 week high of 46.00 set on March 23. They are under-performing the EUR/USD which is down 0% from the start of the year.
Vipshop shares lost 5.02% in pre-market trade following the report.
Vipshop follows other major Services sector earnings this month
Vipshop's report follows an earnings beat by Amazon.com on April 29, who reported EPS of 15.79 on revenue of 108.52B, compared to forecasts EPS of 9.54 on revenue of 104.51B.
Alibaba ADR had missed expectations on May 13 with fourth quarter EPS of 10.32 on revenue of 187.4B, compared to forecast for EPS of 11.16 on revenue of 187.37B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar