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
China-based online discount retailer Vipshop Holdings (VIPS) reported first-quarter earnings after the market closed Wednesday that beat consensus estimates as it raised Q2 guidance. Revenue rose 126% to $702 million in Q1 from the year-ago quarter, surpassing the consensus estimate of $652.2 million. Adjusted earnings per share of 63 cents rose 270%, beating the consensus estimates of 48 cents. For Q2, Vipshop estimates revenue in the range of
China’s Vipshop Holdings (VIPS) reports first-quarter earnings after the market close Wednesday. The online discount retailer sells apparel, accessories, home goods, cosmetics and other lifestyle products on its website. The consensus estimate on revenue is $650.5 million, a 109% increase from the year-ago quarter. That would be the 17th quarter in a row that Vipshop has posted triple-digit revenue gains or better. The estimate on earnings per