Investing.com - Vipshop (NYSE:VIPS) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Vipshop announced earnings per share of 2.1 on revenue of 29.61B. Analysts polled by Investing.com anticipated EPS of 2.32 on revenue of 29.68B.
Vipshop shares are down 47.85% from the beginning of the year, still down 68.13% 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 follows other major Services sector earnings this month
Vipshop's report follows an earnings beat by Amazon.com on July 29, who reported EPS of 15.12 on revenue of 113.08B, compared to forecasts EPS of 12.23 on revenue of 115.42B.
Visa A had beat expectations on July 27 with third quarter EPS of 1.49 on revenue of 6.13B, compared to forecast for EPS of 1.34 on revenue of 5.86B.
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