— Chinese online discount retailer Vipshop Holdings Limited (NYSE: VIPS) reported its third-quarter 2019 adjusted earnings of 25 cents per American Depository Shares versus 17 cents per ADS expected.
— Total net revenues increased by 10% to RMB19.6 billion or $2.7 billion. This is compared to the consensus estimates of $2.61 billion.
— The number of active customers increased by 21% year-over-year to 32.0 million. This demonstrated its healthy growth momentum backed by the successful execution of merchandising strategy.
— Total orders increased by 33% year-over-year to 127.6 million from 95.7 million in the prior-year period.
— As a percentage of total net revenue, total operating expenses decreased to 17.3% from 19.4% in the prior-year period, primarily attributable to more effective cost control.
— Looking ahead into the fourth quarter, the company expects total net revenues in the range of RMB26.1 billion to RMB27.4 billion. This represents a year-over-year growth rate of about 0% to 5%.
Most Popular
Key highlights from Deere & Co.’s (DE) Q4 2024 earnings results
Deere & Company (NYSE: DE) reported its fourth quarter 2024 earnings results today. Worldwide net sales and revenues decreased 28% year-over-year to $11.14 billion. Net income was $1.24 billion, or
NVDA Earnings: Nvidia Q3 profit jumps, beats estimates
NVIDIA Corporation (NASDAQ: NVDA) on Wednesday reported a sharp increase in adjusted profit and revenue for the third quarter of 2025. Earnings also topped analysts' estimates. The tech firm’s revenues
Lowe’s Companies (LOW): A few points to note about the Q3 2024 performance
Shares of Lowe’s Companies, Inc. (NYSE: LOW) rose over 1% on Wednesday. The stock has gained 8% over the past three months. The company delivered better-than-expected earnings results for the