Vipshop Reports Mixed First-Quarter Results and Provides Second-Quarter Revenue Outlook
Vipshop (VIPS) reported first-quarter non-GAAP EPADS of $0.65, missing estimates by $0.02, while revenue reached $3.9 billion, beating expectations by $20 million with a year-over-year growth of 1.2%. The company provided an outlook for Q2 net revenues between RMB24.5 billion and RMB25.8 billion, indicating a potential decline compared to the prior year.
Topics: Earnings Non-GAAP Miss Revenue Beat