Vipshop Q1 Tops Views On Strong Online Retail Growth

By | May 13, 2015

Scalper1 News

China e-commerce company Vipshop Holdings (VIPS) reported first-quarter earnings late Wednesday that beat analyst expectations, and the stock moved higher in after-hours trading. Vipshop said Q1 revenue doubled to $1.4 billion, beating the consensus estimate of $1.29 billion. It reported earnings per share minus items of 13 cents, up 126% in local currency and beating the consensus estimate of analysts polled by Thomson Reuters. Ahead of releasing Scalper1 News

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