NEW YORK (TheStreet) -- Shares of Vipshop (VIPS) were gaining 1.6% to $24.08 after-hours Tuesday after the Chinese online retailer beat analysts' estimates for earnings and revenue in the third quarter.
Vipshop reported earnings of 8 cents a share for the third quarter, beating analysts' estimates of 7 cents a share. Revenue grew 130% year over year to $882.6 million for the quarter, beating analysts' estimates of $863.12 million for the third quarter.
Vipshop expects revenue of $1.2 billion to $1.3 billion for the fourth quarter, represented year over year growth of about 84% to 87%. Analysts expect the company to report revenue of $1.2 billion for the fourth quarter.
TheStreet Ratings team rates VIPSHOP HOLDINGS LTD -ADR as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate VIPSHOP HOLDINGS LTD -ADR (VIPS) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins."
You can view the full analysis from the report here: VIPS Ratings Report