Vipshop Holdings Ltd – ADR (VIPS) announced its most recent quarterly financial results on Monday, Nov-21-2016. VIPS reported $1.00 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $1.01. The company posted revenue of $11703.00 million in the period, compared to analysts expectations of $12219.47 million. VIPS’s revenue was up 37.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.
Many Wall Street Analysts have commented on Vipshop Holdings Ltd – ADR. Vipshop Holdings Ltd – ADR was Resumed by JP Morgan to “Neutral” on Aug 31, 2016.
Vipshop Holdings Ltd – ADR closed down -0.12 points or -0.87% at $13.67 with 67,22,936 shares getting traded on Monday. Post opening the session at $13.89, the shares hit an intraday low of $13.64 and an intraday high of $14 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.