Investing.com - Vipshop reported on Friday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Vipshop announced earnings per share of 1.56 on revenue of 28.23B. Analysts polled by Investing.com anticipated EPS of 1.68 on revenue of 22.94B.
Vipshop shares are up 14.52% from the beginning of the year and are trading at 9.62 , down-from-52-week-high.They are outperforming 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 July 28, who reported EPS of -0.2 on revenue of 121.23B, compared to forecasts EPS of 0.1199 on revenue of 119B.
Louis Vuitton ADR had beat expectations on July 26 with second quarter EPS of 2.63 on revenue of 18.95B, compared to forecast for EPS of 2.59 on revenue of 18.27B.
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