Vipshop Up, Dangdang Down After Q1 Earnings Reports
Vipshop Holdings (VIPS) stock rose Thursday after the China-based online discount retailer late Wednesday reported first-quarter earnings that beat consensus estimates and raised Q2 guidance. Vipshop stock was up over 5% to 158.70 in afternoon trading on the stock market. Stock in Dangdang (DANG), another China-based online retailer that reported earnings late Wednesday, was down as revenue fell short of Wall Street estimates. Vipshop reported