Vipshop misses by $0.04, reports revs in-line; guides Q4 revs in-line
- Reports Q3 (Sep) earnings of RMB 0.91 per share, RMB 0.04 worse than the Capital IQ Consensus of RMB 0.95; revenues rose 27.6% year/year to RMB 15.31 bln vs the RMB 15.21 bln Capital IQ Consensus.
- The number of active customers for the trailing twelve months ended September 30, 2017 increased by 22% year over year to 60.5 million from 49.6 million in the prior year period.
- Total orders for the third quarter of 2017 increased by 23% year over year to 74.0 million from 60.1 million in the prior year period.
- Gross margin was 22.9% as compared with 24.4% in the prior year period, primarily attributable to investment in promotional activities for market share gain, which is balanced by reduced spending in the Company's broader marketing efforts.
- Co issues in-line guidance for Q4, sees Q4 revs of +20-25% to ~RMB 22.8-23.8 bln vs. RMB 23.19 bln Capital IQ Consensus Estimate.
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