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Vipshop (VIPS) Stock Pops in After-Hours Trading on Q2 Earnings Beat

NEW YORK (TheStreet) -- Shares of Vipshop (VIPS) were advancing 5.06% to $16.82 in after-hours trading on Monday after the company posted better-than-expected results for the 2016 second quarter.

After today's market close, the Chinese online discount retailer reported adjusted earnings of 17 cents per diluted share, above analysts' estimates of 15 cents per share.

Revenue for the quarter was $2.02 billion, while analysts were looking for revenue of $1.9 billion.

"Despite the challenging macro environment, we successfully delivered accelerated growth in revenues, active...


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