China-based online discount retailer Vipshop Holdings (VIPS) rips 11.34% higher premarket after...

|About: Vipshop Holdings (VIPS)|By:, SA News Editor

China-based online discount retailer Vipshop Holdings (VIPS) rips 11.34% higher premarket after blowing away estimates with its Q1 report. More on the quarter: Net revenues, active customers, and total orders rise 206.8%, 169.9%, and 186.9% Y/Y respectively as the company swings to a Q1 profit compared to a net loss of $8.6M in Q1 2012. Margins expand 220 basis points. For Q2 the company sees revenues of $330-335M versus consensus of $320.59. (PR)