— Vipshop Holdings Limited (NYSE: VIPS) reported earnings of $0.41 per share in the fourth quarter of 2019, vs $0.30 per share expected.
— Q4 revenue rose 12.4% to $4.2 billion, vs. $4 billion expected. The topline was primarily driven by 19% growth in total active customers to 38.6 million. Total orders increased by 24% to 174.6 million.
— Apparel-related categories contributed to over 70% of total GMV in the fourth quarter.
— For 1Q20, the company expects total net revenue between RMB17.1 billion and RMB18.1 billion, down 15% to 20%, due to impact of COVID-19.
— VIPS shares jumped 6% immediately following the announcement.
The Kraft Heinz Company (NASDAQ: KHC) reported second-quarter 2021 financial results before the regular market hours on Wednesday. The food company reported Q2 revenue of $6.62 billion, down 0.5% year-over-year
General Motors Co. (NYSE: GM) reported second quarter 2021 earnings results today. Total revenue rose to $34.2 billion from $16.8 billion in the same period last year. GAAP net income
VS Health Corporation (NYSE: CVS) reported second-quarter 2021 earnings results today. Total revenues increased 11.1% to $72.6 billion compared to the same period last year, driven by growth across all