Vipshop earnings, Revenue beat in Q1

Vipshop earnings, Revenue beat in Q1
Credit: © Reuters. - Vipshop 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 anticipated EPS of 2.19 on revenue of 27.75B.

Vipshop shares are down 12.17% from the beginning of the year and are trading at 23.45 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% year to date.

Vipshop shares lost 5.02% in pre-market trade the report.

Vipshop follows other major Services sector earnings this month

Vipshop's report follows an earnings beat by on Thursday, April 29, 2021, 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 Thursday, May 13, 2021 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.

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