Is Vipshop Still an Undervalued Underdog in China's E-Commerce Market?
Vipshop's (NYSE: VIPS) stock recently dipped after the Chinese e-commerce company followed up a solid third-quarter earnings report with soft guidance for the fourth quarter.
Its revenue rose 10% annually to 19.6 billion yuan ($2.7 billion), beating estimates by $90 million and marking a slight acceleration from its growth in the second quarter. Its net income surged 283% to 875.5 million yuan ($122.5 million).
On a non-GAAP basis -- which excludes stock-based compensation, gains and losses from investments, and other one-time adjustments -- Vipshop's net income rose 140% to 1.2 billion yuan ($168.3 million), or $0.25 per share, and beat expectations by nine cents.
Source Fool.com
