Why Vipshop Holdings Shares Plunged Today
Shares of Vipshop Holdings (NYSE: VIPS) have plunged today, down by 11% as of 12:30 p.m. EST, after the company reported fiscal third-quarter earnings results. Shares jumped last week, but earnings are knocking them back down.
Revenue in the third quarter rose 28% to $2.3 billion, which translated into non-GAAP net income of $84.1 million, or $0.14 per ADS. Gross profit increased by 19% to $526 million. Vipshop added three warehouses during the quarter in Taiyuan, Hohhot, and Hefei, China, and now has a total of 14 local warehouses.
Image source: Getty Images.
Source: Fool.com
Vipshop Holdings Ltd. ADR Aktie
15,40 €
-1,26 %
Die Community bevorzugt Vipshop Holdings Ltd. ADR mit mehreren Buy-Einschätzungen und keinen Sell-Einschätzungen.
Ein Kursziel von 18 € für Vipshop Holdings Ltd. ADR signalisiert ein leicht positives Potenzial gegenüber dem aktuellen Kurs von 15.4 €.
