Vipshop Holdings Ltd – ADR (VIPS) reported quarterly earnings results on Tuesday, May-17-2016. The company said it had a profit of $0.16 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.15. The company posted revenue of $1887.30 million in the period, compared to analysts expectations of $1886.03 million. The company’s revenue was up 39.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.
Many Wall Street Analysts have commented on Vipshop Holdings Ltd – ADR. Vipshop Holdings Ltd – ADR was Upgraded by Morgan Stanley to ” Equal-Weight” on Feb 29, 2016. Vipshop Holdings Ltd – ADR was Downgraded by Credit Suisse to ” Neutral” on Feb 26, 2016. JP Morgan Initiated Vipshop Holdings Ltd – ADR on Feb 23, 2016 to “Overweight”, Price Target of the shares are set at $16.
Vipshop Holdings Ltd – ADR opened for trading at $12.11 and hit $12.755 on the upside on Monday, eventually ending the session at $12.44, with a gain of 3.67% or 0.44 points. The heightened volatility saw the trading volume jump to 81,24,404 shares. Company has a market cap of $7,252 M.
Vipshop Holdings Limited is a holding company. The Company through its wholly owned subsidiaries operates as an online discount retailer for brands in China. The Company offers a range of apparel fashion goods cosmetics home goods and lifestyle products from domestic and international brands. The Company’s product categories include womenswear menswear footwear accessories handbags children sportswear and sporting goods cosmetics home goods and other lifestyle products luxury goods and gifts and miscellaneous. The Company offers branded products to consumers through flash sales model on its vip.com Website. The Company has launched channels on its Website which include Vipshop Beauty Vipshop Home Vipshop Baby and Global Sale. The Company also offers a range of products and services through lefeng.com specializing in branded cosmetics apparel healthcare products food and other consumer products.