NEW YORK (TheStreet) -- Shares of Vipshop (VIPS) - Get Report were advancing 5.06% to $16.82 in after-hours trading on Monday after the company posted better-than-expected results for the 2016 second quarter.
After today's market close, the Chinese online discount retailer reported adjusted earnings of 17 cents per diluted share, above analysts' estimates of 15 cents per share.
Revenue for the quarter was $2.02 billion, while analysts were looking for revenue of $1.9 billion.
"Despite the challenging macro environment, we successfully delivered accelerated growth in revenues, active customers and total orders over the past quarter," CEO Eric Shen said in a statement.
Vipshop added 8.2 million new customers during the period, which is a 50% jump from the same period a year ago.
For the third quarter, the company sees revenue growth between 37% and 43% year-over-year.
About 20.03 million of Vipshop's shares changed hands today vs. its average 30-day volume of 6.32 million shares per day.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B- on the stock.
The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, robust revenue growth, notable return on equity, reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures.
The team believes its strengths outweigh the fact that the company shows low profit margins.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: VIPS