VIPShop Holdings (VIPS) didn’t do half bad with its second quarter earnings report released on Tuesday, but investors didn’t seem all too pleased.
The stock took a dive in the wake of its Tuesday morning earnings announcement, even though its numbers were rather strong. It was trading down about 10% for the day one hour ahead of market close.
VIPShop's net revenues increase 77.6% YOY
VIPShop reported a 77.6% year-over-year increase in net revenues to $1.45 billion (Rmb9.02 billion), 1% above Bloomberg consensus. Gross profit climbed by 78.6% to $363 million (Rmb2.3 billion), and earnings per average diluted share were 13% of...
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