Vipshop earnings, Revenue beat in Q3

Vipshop earnings, Revenue beat in Q3
Credit: © Reuters. - Vipshop reported on Friday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Vipshop announced earnings per share of 2.01 on revenue of 23.18B. Analysts polled by anticipated EPS of 1.72 on revenue of 21.54B.

Vipshop shares are up 57.37% from the beginning of the year and are trading at 22.30 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% year to date.

Vipshop shares gained 0.68% in intra-day trade the report.

Vipshop follows other major Services sector earnings this month

Vipshop's report follows an earnings beat by on Thursday, October 29, 2020, who reported EPS of 12.37 on revenue of 96.15B, compared to forecasts EPS of 7.41 on revenue of 92.78B.

Alibaba ADR had beat expectations on Thursday, November 5, 2020 with second quarter EPS of 18 on revenue of 155.06B, compared to forecast for EPS of 13.82 on revenue of 154.87B.

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