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Benzinga

Business

Anusuya Lahiri

Vipshop Adds More Shoppers, Super VIPs Jump Double Digits

VIPS Vipshop Vipshop Holdings

Vipshop Holdings-Photo by Bangla press via Shutterstock

Vipshop Holdings Limited (NYSE:VIPS) stock rose Thursday after it reported its third-quarter results.

The quarterly sales reached $3.00 billion (21.4 billion Chinese yuan), topping the analyst consensus estimate of $2.96 billion. This is a 3.46% increase over sales of 20.7 billion yuan in the same period last year.

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