Vipshop Q2 Adjusted Earnings, Revenue Fall; Shares Down Pre-Bell
MT Newswires Live
Yesterday
Vipshop Holdings (VIPS) reported Q2 non-GAAP earnings Tuesday of 0.80 Chinese renminbi ($0.12) per diluted American depositary share, down from 4.06 renminbi a year earlier.
Analysts polled by FactSet expected 3.92 renminbi.
Net revenue for the quarter ended June 30 was 24.71 billion renminbi, compared with 25.81 billion renminbi a year earlier.
Analysts expected 24.71 billion renminbi.
The company expects Q3 net revenue of 20.3 billion renminbi to 21.4 billion renminbi. Analysts expect 21.04 billion renminbi.
Vipshop shares were down 4.9% in premarket activity.
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