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Vipshop Holdings Limited Reports Drop In Q3 Profit

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Vipshop Holdings Limited (VIPS) reported earnings for third quarter that decreased from the same period last year

The company's earnings totaled RMB1.045 billion, or RMB1.97 per share. This compares with RMB1.208 billion, or RMB2.19 per share, in last year's third quarter.

Excluding items, Vipshop Holdings Limited reported adjusted earnings of RMB1.310 billion or RMB2.47 per share for the period.

The company's revenue for the quarter fell 9.2% to RMB20.675 billion from RMB22.765 billion last year.

Vipshop Holdings Limited earnings at a glance (GAAP) :

-Earnings (Q3): RMB1.045 Bln. vs. RMB1.208 Bln. last year.
-EPS (Q3): RMB1.97 vs. RMB2.19 last year.
-Revenue (Q3): RMB20.675 Bln vs. RMB22.765 Bln last year.

-Guidance:
Next quarter revenue guidance: RMB31.2 -RMB32.9 Bln

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