Vipshop Reports Unaudited Third Quarter 2020 Financial Results

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Go back to Vipshop Reports Unaudited Third Quarter 2020 Financial Results

Vipshop Holdings (VIPS) Tops Q3 EPS by 1c, Revenues Beat

November 13, 2020 5:50 AM EST

Vipshop Holdings (NYSE: VIPS) reported Q3 EPS of $0.27, $0.01 better than the analyst estimate of $0.26. Revenue for the quarter came in at $3.4 billion versus the consensus estimate of $3.27 billion.

Third Quarter 2020 Highlights

Net income attributable to Vipshop's shareholders per diluted ADS[7] for the third quarter of 2020 increased to RMB1.80 (US$0.27) from RMB1.30 in the prior year period.Total net revenue for the third quarter of 2020 increased by 18.2% year over year to RMB23.2 billion (US$3.4 billion) from RMB19.6 billion in the prior year period.GMV[1] for the third quarter of 2020... More