BofA/Merrill Lynch Downgrades Vipshop Holdings (VIPS) to Neutral
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Vipshop Announces Preliminary Results for Third Quarter of 2015
November 13, 2015 8:00 AM ESTGUANGZHOU, China, Nov. 13, 2015 /PRNewswire/ -- Vipshop Holdings Limited (NYSE: VIPS), a leading online discount retailer for brands in China ("Vipshop" or the "Company"), today announced the preliminary results for the third quarter of 2015 ended September 30, 2015.
For the third quarter of 2015, the Company expects its total net revenue to be between RMB8.6 billion and RMB8.7 billion, representing a year-over-year growth rate of approximately 61% to 63%. This is compared to the Company's previous guidance for third quarter 2015 total net revenue of RMB9.1 billion to RMB9.3 billion. The weaker-than-expected preliminary third quarter... More
