— Vipshop Holdings Limited (NYSE: VIPS) reported earnings of $0.41 per share in the fourth quarter of 2019, vs $0.30 per share expected.
— Q4 revenue rose 12.4% to $4.2 billion, vs. $4 billion expected. The topline was primarily driven by 19% growth in total active customers to 38.6 million. Total orders increased by 24% to 174.6 million.
— Apparel-related categories contributed to over 70% of total GMV in the fourth quarter.
— For 1Q20, the company expects total net revenue between RMB17.1 billion and RMB18.1 billion, down 15% to 20%, due to impact of COVID-19.
— VIPS shares jumped 6% immediately following the announcement.
Benchmark stock indexes pared their recent gains early this week amid elevated inflation concerns, but regained a part of the momentum later aided by recovery in tech stocks. The Dow
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