Today's Research Reports on Stocks to Watch: Alibaba Group and VipShop

[End Subhead]
[Start Distributor]
Accesswire 18-Aug-2017 8:10 AM
[End Distributor]
NEW YORK, NY / ACCESSWIRE / August 18, 2017 / Alibaba Group founder and chairman Jack Ma was a very happy camper yesterday. Alibaba shares skyrocketed to a new all-time high on Thursday after reporting earnings results that smashed Wall Street's expectations. Shares of Vipshop weren't so lucky and closed down a little over 8% after the Chinese online discounter failed to meet estimates.
RDI Initiates Coverage on:
Alibaba Group Holding Limited https://ub.rdinvesting.com/news/?ticker=BABA
Vipshop Holdings Limited https://ub.rdinvesting.com/news/?ticker=VIPS
Alibaba Group Holding Limited's shares closed up 2.77% on Thursday after reporting first quarter results that thrilled the Street. The stock soared to a new all-time high of $168.00 during intra-day trading. China's e-commerce giant reported a surge in both profit and revenue, beating what analysts had expected. The company saw a 56% rise in its first quarter revenue at 50.1 billion yuan ($7.51 billion) for the three months ended June 30. Analysts had been waiting for 47.7 billion yuan. Chief executive Daniel Zhang said, "Our technology is driving significant growth across our business and strengthening our position beyond core commerce." The revenue from its core e-commerce business was 86% of the total revenue during the quarter. In the year ago period, this number was 73%. Shares of the stock are now up over 86% so far this year.
Access RDI's Alibaba Group Holding Limited Research Report at: https://ub.rdinvesting.com/news/?ticker=BABA
Vipshop Holdings Limited's shares closed down 8.11% on Thursday with nearly 32 million shares traded. Average volume for the stock is just under 6.5 million shares. The company's 2017 second quarter earnings results had traders pretty discouraged yesterday. The Chinese online discounter of brand-name apparel reported on Wednesday afternoon and saw a loss of 5% in after-hours trading. For the quarter, Vipshop reported adjusted earnings of $0.17 a share. While this was a growth of 8% for the company compared to the year ago quarter, it was lagging behind the $0.19 that analysts had expected. This lag marked the first time that Vipshop missed earnings estimates in over a year. The company's CEO Eric Shen was optimistic however and commented, "We delivered solid operational results in the second quarter of 2017. Specifically, our total active customers for the trailing twelve months ended June 30, 2017 reached 58.8 million, representing a 32% year-over-year increase. We are also delighted to witness improved average revenue per active customer during the quarter, which was a testament of our ability to effectively manage the lifetime value of our customers."
Access RDI's Vipshop Holdings Limited Research Report at: https://ub.rdinvesting.com/news/?ticker=VIPS
Our Actionable Research on Alibaba Group Holding Limited (NYSE: BABA) and Vipshop Holdings Limited (NYSE: VIPS) be downloaded free of charge at Research Driven Investing.
Research Driven Investing
We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.
RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.
Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.
CONTACT
For any questions, inquiries, or comments reach out to us directly at:
Address:
Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011
Email:
contact@rdinvesting.com
CFA and Chartered Financial Analyst are registered trademarks owned by CFA Institute.
SOURCE: RDInvesting.com