Investing.com - Vipshop (NYSE:VIPS) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Vipshop announced earnings per share of 0.33 on revenue of 25.2B. Analysts polled by Investing.com anticipated EPS of 1.91 on revenue of 25.81B.
Vipshop shares are down 0.12% from the beginning of the year, still down 65.74% from its 52 week high of 24.49 set on June 1, 2021. They are broadly in line with the EUR/USD which is down 0% from the start of the year.
Vipshop follows other major Consumer Discretionary sector earnings this month
Vipshop's report follows an earnings missed by Amazon.com on April 28, who reported EPS of -7.56 on revenue of 116.44B, compared to forecasts EPS of 8.35 on revenue of 116.45B.
Tesla had beat expectations on April 20 with first quarter EPS of 3.22 on revenue of 18.76B, compared to forecast for EPS of 2.26 on revenue of 17.87B.
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