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Vipshop (VIPS) Stock Higher After Solid Q2 Results

NEW YORK (TheStreet) -- Shares of Vipshop (VIPS) were increasing in late-morning trading on Tuesday after the company reported earnings and revenue that topped analysts' estimates for the 2016 second quarter.

After Monday's closing bell, the Chinese online discount retailer posted adjusted earnings of 17 cents per diluted share, exceeding analysts' expectations of 15 cents per share.

Revenue was $2.02 billion, while analysts were modeling revenue of $1.9 billion.

Vipshop added 8.2 million new customers during the quarter, which is a...


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