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Vipshop Holdings' Q1 Adjusted Earnings, Revenue Increase

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Vipshop Holdings' Q1 Adjusted Earnings, Revenue Increase

May 22, 2024 3:10 AM

05:45 AM EDT, 05/22/2024 (MT Newswires) -- Vipshop Holdings ( VIPS ) reported Q1 adjusted earnings Wednesday of 4.66 Chinese renminbi ($0.65) per diluted American depositary share, up from 3.52 renminbi a year earlier.

Analysts polled by Capital IQ expected 4.11 renminbi.

Revenue for the quarter ended March 31 was 27.65 billion renminbi, up from 27.54 billion renminbi a year earlier.

Analysts surveyed by Capital IQ expected 27.99 billion renminbi.

Vipshop ( VIPS ) said it expects Q2 revenue to be from 26.5 billion renminbi to 27.9 billion renminbi. Analysts polled by Capital IQ are expecting 29.3 billion renminbi.

Price: 16.44, Change: -0.01, Percent Change: -0.06

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