Vipshop Year-End Guidance Disappoints; Stock Tumbles

By | November 19, 2014

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Vipshop Holdings (VIPS) plunged as much as 13% in the stock market today after the Chinese online flash seller of apparel gave guidance for the current quarter that disappointed. The company’s Q3 EPS and sales handily beat analyst expectations, but its revenue outlook for the current quarter was merely in line, whereas some investors and analysts expected more upside. JG Capital analyst Henry Guo, in a research note Wednesday, said the sell-off Scalper1 News

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