Vipshop Holdings Q4 Profit Surges

(RTTNews) - Chinese online discount retailer Vipshop Holdings Ltd (VIPS) Monday reported fourth-quarter profit of $56.6 million or $0.09 per ADS, up from $25.4 million or $0.04 per ADS last year.

Adjusted earnings for the quarter rose to $0.12 per share from $0.05 per share last year. Analysts polled by Thomson Reuters estimated earnings of $0.09 per ADS for the quarter. Analysts' estimates typically exclude special items.

Total revenues surged 108.9 percent to $1.36 billion from $651.0 million last year. Analysts had a consensus revenue estimate of $1.23 billion for the quarter. Revenue growth mainly reflects a 114.2 percent increase in the number of active customers to 12.2 million and a 99.6 percent year increase in total orders to 35.3 million.

For the first quarter, the company expects total revenues to be between $1.25 billion and $1.30 billion. Analysts currently estimate revenues of $1.22 billion for the quarter.