13.08.2014 22:43:13
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Vipshop Q2 Profit Rises - Quick Facts
(RTTNews) - Vipshop Holdings Limited (VIPS) reported that its second-quarter net income attributable to shareholders increased to $26.4 million from $9.0 million, prior year. Net income per ADS increased to $0.44 from $0.16. Non-GAAP net income per ADS Was $0.72, for the quarter.
On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $0.64 for the quarter. Analysts' estimates typically exclude special items.
Total net revenues increased to $829.4 million from $351.3 million, prior year. The company said the increase was primarily driven by growth in the number of active customers and total orders. Analysts expected revenue of $791.55 million for the quarter.
For the third quarter of 2014, the company expects its total net revenues to be between $850 million and $860 million, representing a year-over-year growth rate of approximately 122% to 124%. Analysts expect the company to report third-quarter revenue of $824.85 million.
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