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Shares of Vipshop Holdings (NYSE:VIPS) moved higher by 7.2% in pre-market trading after the company reported Q3 results.
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Quarterly Results
Earnings per share were up 20.00% over the past year to $0.30, which beat the estimate of $0.26.
Revenue of $3,414,000,000 higher by 24.42% from the same period last year, which beat the estimate of $3,260,000,000.
Outlook
Q4 revenue expected to be between $4,963,000,000 and $5,184,000,000.
Details Of The Call
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Date: Nov 13, 2020
Time: 07:30 AM
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Technicals
Company's 52-week high was at $24.46
52-week low: $11.05
Price action over last quarter: Up 31.58%
Company Description
Vipshop Holdings Ltd is an online discount retailer for brands in China. The company offers branded products to consumers in China through flash sales on its vipshop.com, vip.com and lefeng.com websites. Flash sales represent an online retail format combining the advantages of e-commerce and discount sales through selling a finite quantity of discounted products or services online for a limited period of time. It deals in wide range of products and services for consumers specializing in branded cosmetics, apparel, healthcare products, food and other consumer products. Vipshop derives most of the revenues from the sale of products offered on the websites.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.