Vipshop Holdings (VIPS) Announces $300M Stock Buyback Plan

In addition to earnings after the close, Vipshop Holdings (NYSE: VIPS) announced that on November 17, 2015, the Company's board of directors has approved a share repurchase program whereby the Company may purchase its own ADSs with an aggregate value of up to US$300 million over the next 24-month period, ending on November 16, 2017. The Company expects to fund the repurchase out of its existing cash balance, including cash generated from its operations.

You May Also Be Interested In

• Lockheed Martin (LMT) Tops Q1 EPS by 53c, Beats on Revenue; Offers FY24 Guidance
• Fiserv (FI) Tops Q1 EPS by 9c; Boosts outlook
• Ryder System (R) Tops Q1 EPS by 43c