NEW YORK (TheStreet) -- Vispshop (VIPS) was gaining 5.7% to $158.50 Thursday after beating analysts' expectations for earnings and revenue in the first quarter and forecasting above estimates for the second quarter.
For the first quarter Vipshop reported EPS of 63 cents a share, beating the Capital IQ Consensus Estimate of 46 cents a share by 17 cents. Revenue increased 125.9% year-over-year to $701.5 million. Analysts expected revenue of $650.5 million for the quarter.
Looking to the second quarter Vipshop expects revenue of $780 million to $790 million, and 118% increase over the year-ago quarter. Analysts expect revenue of $685.6 million for the quarter.
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TheStreet Ratings team rates VIPSHOP HOLDINGS LTD -ADR as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate VIPSHOP HOLDINGS LTD -ADR (VIPS) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins."