Vipshop Holdings Q4 Adj Earnings Per ADS $0.82 Beats $0.71 Estimate, Sales $4.88B Beat $4.69B Estimate
Portfolio Pulse from Benzinga Newsdesk
Vipshop Holdings (NYSE:VIPS) reported Q4 adjusted earnings per ADS of $0.82, surpassing the $0.71 estimate, marking a 15.49% beat and a 54.72% increase from last year. Sales reached $4.88B, exceeding the $4.69B estimate by 4.12% and showing a 6.06% increase from the previous year.
February 28, 2024 | 10:02 am
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POSITIVE IMPACT
Vipshop Holdings reported a significant beat on both earnings and sales estimates for Q4, with adjusted earnings per ADS at $0.82 and sales at $4.88B, indicating strong financial performance.
The substantial beat on both earnings per ADS and sales estimates for Q4 demonstrates Vipshop Holdings' strong financial performance and growth. This outperformance, especially the significant year-over-year growth in earnings and sales, is likely to positively influence investor sentiment and could lead to a short-term uptick in VIPS stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100