— 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.
Micron Technology Inc. (NASDAQ: MU) reported third quarter 2022 earnings results today. Revenue increased 16% year-over-year to $8.64 billion. GAAP net income was $2.63 billion, or $2.34 per share, compared
Shares of Constellation Brands Inc. (NYSE: STZ) were down 4% on Thursday despite the company beating expectations on its first quarter 2023 earnings results. The stock has dropped 7% year-to-date.
Constellation Brands, Inc. (NYSE: STZ) reported first quarter 2023 earnings results today. Net sales increased 17% year-over-year to $2.3 billion. Net income attributable to CBI was $390 million, or $2.06