Vipshop Reports Unaudited Third Quarter 2019 Financial Results
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Vipshop Holdings (VIPS) Tops Q3 EPS by 8c, Revenues Beat
November 13, 2019 5:51 AM ESTVipshop Holdings (NYSE: VIPS) reported Q3 EPS of $0.25, $0.08 better than the analyst estimate of $0.17. Revenue for the quarter came in at $2.7 billion versus the consensus estimate of $2.61 billion.
Third Quarter 2019 Highlights
Total net revenue for the third quarter of 2019 increased by 10.0% year over year to RMB19.6 billion (US$2.7 billion) from RMB17.8 billion in the prior year period.GMV[1] for the third quarter of 2019 increased by 17% year over year to RMB31.7 billion from RMB27.2 billion in the prior year period.Gross profit for the third quarter of 2019 increased by 16.6%... More