Published on 4 Apr 2024 on Zacks via Yahoo Finance
Here's Why Vipshop Holdings Limited (VIPS) Fell More Than Broader Market
The latest trading session saw Vipshop Holdings Limited (VIPS) ending at $17.15, denoting a -1.83% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily loss of 1.23%. Elsewhere, the Dow saw a downswing of 1.36%, while the tech-heavy Nasdaq depreciated by 1.4%.
Prior to today's trading, shares of the company had lost 1.58% over the past month. This has lagged the Computer and Technology sector's gain of 2.32% and the S&P 500's gain of 1.61% in that time.
The investment community will be closely monitoring the performance of Vipshop Holdings Limited in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.60, reflecting a 17.65% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.85 billion, down 3.95% from the year-ago period.