Vipshop Holdings Ltd ADR Down 7.12% To $15.08 After Earnings Beat

Vipshop Holdings Ltd ADR ( VIPS ) said before open Friday that it earned $0.59 per share in quarter two 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods. On the revenue line, the company reported $3.8 billion, beating estimates by $15 million. In the same quarter a year ago, the company earned $0.37 per share on revenue of $3.7 billion. The stock is down 7.12% to $15.08 after the report. The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall. The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data. InvestorsObserver gives the stock a Neutral Sentiment score at the moment based on recent trading. Prior to the report, InvestorsObserver gave the stock an overall score of 61. Meanwhile, the average Wall Street analyst rated the stock a Buy. 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 a wide range of products and services for consumers specializing in branded cosmetics, apparel, healthcare products, food and other consumer products. Its operating segment includes Vip.com and Shan Shan Outlets. The company generates maximum revenue from Vip.com segment.