Vipshop Holdings Expects Q3 Revenue Of RMB20.5B-RMB21.6B Vs RMB22.86B Est
Portfolio Pulse from Benzinga Newsdesk
Vipshop Holdings has announced its Q3 2024 revenue expectations to be between RMB20.5 billion and RMB21.6 billion, which is below the previous estimate of RMB22.86 billion. This represents a year-over-year decrease of 5% to 10%.
August 20, 2024 | 9:05 am
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Vipshop Holdings' Q3 2024 revenue forecast is below expectations, indicating a potential decrease in revenue by 5% to 10% year-over-year. This could negatively impact the stock price in the short term.
The revenue forecast for Q3 2024 is below the market estimate, indicating potential challenges in market and operational conditions. This is likely to lead to a negative sentiment among investors, impacting the stock price negatively in the short term.
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