Vipshop Blows Out Earnings, Sales, But Stock Falls

By | August 13, 2014

Scalper1 News

Vipshop Holdings late Wednesday reported another quarter of triple-digit earnings and sales growth that flashed past analyst forecasts while guiding Q3 estimates higher. But that still wasn’t enough for investors. The Chinese flash sales apparel online retailer fell about 4% to 220 in after-hours trading. During the regular session, the stock rose 4.5% to 229.18, hitting a record high intraday. Shares were up 10.5% this week. Scalper1 News

Scalper1 News