Vipshop Holdings Expects Q2 Revenue of RMB26.5B-RMB27.9B Vs RMB29.3B Est
Portfolio Pulse from Benzinga Newsdesk
Vipshop Holdings expects Q2 2024 revenue to be between RMB26.5 billion and RMB27.9 billion, which is below the estimated RMB29.3 billion. This represents a year-over-year decrease of approximately 5% to 0%.
May 22, 2024 | 9:06 am
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NEGATIVE IMPACT
Vipshop Holdings has provided a revenue forecast for Q2 2024 that is below market expectations, indicating a potential year-over-year decrease of up to 5%. This could negatively impact investor sentiment and the stock price in the short term.
The revenue forecast provided by Vipshop Holdings is below market expectations, which is likely to lead to negative investor sentiment and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100