On Tuesday, Shares of Vipshop Holdings Limited (NYSE:VIPS), lost -13.05% to $18.26, hitting its lowest level, after the Chinese online discount retailer guided below analysts’ estimates for the third quarter.
Vipshop said it anticipates revenue of 9.1 billion yuan to 9.3 billion yuan ($1.47 billion to $1.5 billion) for the third quarter, representing 71% to 74% growth from the year-ago quarter. Analysts expect the company to report revenue of $1.51 billion.
The company stated earnings of 11 cents a share for the second quarter, above analysts’ estimates of 10 cents a share for the quarter. Revenue grew 77.6% year over year to 9 billion yuan ($1.46 billion), contrast to analysts’ estimates of about $1.44 billion.
Vipshop said active customers raised 47.2% year over year in the second quarter to 14.2 million, and orders grew 55.2% to 44.9 million in the quarter.
Vipshop Holdings Limited, through its auxiliaries, operates as an online discount retailer for various brands in the People’s Republic of China. It offers a range of branded products, counting women’s apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men’s apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men shoes for casual and formal occasions; and accessories comprising of belts, jewelry, watches, and glasses for women and men.
Shares of HCP, Inc. (NYSE:HCP), inclined 0.56% to $38.04, during its last trading session.
HCP declared that J. Justin Hutchens will become Executive Vice President and Chief Investment Officer – Senior Housing and Care, effective September 8, 2015.
Mr. Hutchens joins HCP from National Health Investors, Inc. (NHI), where he was employed since 2009, and most recently served as President and Chief Executive Officer since 2011. He has over 20 years of investing and operating experience in senior care, counting multi-site administration of assisted living and skilled nursing facilities, in addition to national experience with Summerville Senior Living and Emeritus Senior Living.
“We welcome Justin to HCP and look forward to his leadership of our senior housing and post-acute/hospital portfolios,” said Lauralee Martin, HCP’s President and Chief Executive Officer. “Justin is an accomplished executive with a proven track record in REIT investments and senior care operations. We are excited to bring Justin on board to complement our practiced team.”
HCP, Inc. is an independent hybrid real estate investment trust. The fund invests in real estate markets of the United States. It primarily invests in properties serving the healthcare industry counting sectors of healthcare such as senior housing, life science, medical office, hospital and skilled nursing. The fund also invests in mezzanine loans and other debt instruments.
Finally, Fifth Third Bancorp (NASDAQ:FITB), ended its last trade with -2.49% loss, and closed at $21.17.
Fifth Third Bancorp declared that it has extended more than $12 billion in new and renewed credit to business customers from April through June 2015. Fifth Third Bank loaned more than $8.5 billion to businesses throughout its footprint during the First Quarter of 2015.
Companies who have received loans from Fifth Third Bank during this time period comprise:
- Assurance Operations Corp, a full service engineering and manufacturing solutions company specializing in metal fabrication, stamping applications and industrial packaging. The Lawrenceburg, TN based company secured acquisition financing and treasury administration services.
- American Panel Corporation, a producer and distributor of commercial and military plane panels and technology and Manufacturing Resources International is a manufacturer and distributor of large digital display marketing units. The Alpharetta, Georgia based companies secured a line of credit, commercial real estate loan and other treasury administration services.
- Kalson’s Hospitality, an owner/operator of nationally flagged hotels in Central Florida. The Company secured a construction loan to develop a 133 room Homewood Suites.
Fifth Third Bancorp operates as a diversified financial services company in the United States. It operates through four segments: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
