Vipshop Q2 Earnings Dashed Hopes For Bigger Beat

By | August 14, 2014

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Vipshop stock was down 6% and trading near 215 in the stock market today, a day after the Chinese flash sales apparel seller reported second-quarter earnings, revenue and guidance that handily exceeded forecasts. High investor expectations had stoked hopes for a bigger beat. The Guangzhou, China-based Vipshop Holdings (VIPS) posted EPS per diluted American depositary receipt of 72 cents a share excluding options expenses, up 260% vs. the same Scalper1 News

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