Vipshop Beats Q3 Estimates Despite Sales Dip, Focuses On Long-Term Resilience [Yahoo! Finance]
Vipshop Holdings Limited American Depositary Shares, each representing two ordinary shares (VIPS)
Last vipshop holdings limited american depositary shares, each representing two ordinary shares earnings: 3/5 05:00 am
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Source: Yahoo! Finance
Vipshop Holdings registered adjusted earnings per ADS of 35 cents, which beat the analyst consensus estimate of 33 cents Total orders for the quarter were 163.9 million, compared with 179.9 million in the prior year period. Also Read: Exxon Mobil To Cut 400 Texas Jobs In Stages Through 2026 The number of active customers for the third quarter of 2024 was 39.6 million, down from 42.3 million a year ago. Gross margin for the quarter increased to 24.0% from 23.6% in the prior year period. Gross profit declined 7.9% to 4.96 billion Chinese Yuan ($706.14 million). GMV for the quarter was 40.1 billion Chinese Yuan versus 42.5 billion Chinese Yuan a year ago. As of September 30, 2024, the company had cash and cash equivalents, restricted cash of $3.2 billion, and short-term investments of $222.3 million. During the quarter, the company repurchased $275.0 million of its ADSs under its current $1 billion share repurchase program, effective through March 2025. Eric Shen, Chairm
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VIPS
News
- Vipshop: It's Going To Be Challenging For A While (Rating Downgrade) [Seeking Alpha]Seeking Alpha
- Vipshop Holdings Limited (NYSE: VIPS) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Vipshop Holdings Limited (NYSE: VIPS) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Vipshop Holdings Limited (NYSE: VIPS) had its price target lowered by analysts at Citigroup Inc. from $18.00 to $17.00. They now have a "buy" rating on the stock.MarketBeat
- Vipshop Holdings Limited (NYSE: VIPS) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
VIPS
Earnings
- 11/19/24 - Beat
VIPS
Sec Filings
- 11/19/24 - Form 6-K
- 11/15/24 - Form SC
- 11/7/24 - Form 6-K
- VIPS's page on the SEC website