Scalper1 News
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 Scalper1 News
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