VIPS - Vipshop slumps 18% after Q3 earnings miss

Vipshop (VIPS -18.1%) Q3 revenues surge 7.5% to $3.9M, beats consensus by $70M, primarily driven by the growth in the average revenue per user. Gross profit of $751.4M; gross margin of 19.4%, as compared with 21.1%. Income from operations was $119.6M, and operating margin was 3.1%, as compared with 5.4% prior. Company had cash and cash equivalents and restricted cash of $2B and short term investments of $569.3M.  Non-GAAP EPADS of $0.23 misses consensus by $0.01; GAAP EPADS of $0.14 misses consensus by $0.04. Outlook Q4: Company expects its total net revenue to be between RMB35.8B and RMB37.6Bn, representing a Y/Y growth rate of approximately 0% to 5%. Recent contributor comments on the stock: 'Forget About Alibaba, Buy Vipshop Instead' In September, the stock was downgraded as competition slows growth Previously: Vipshop EPADS misses by $0.01, beats on revenue (Nov. 18)

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Vipshop slumps 18% after Q3 earnings miss