On Wednesday, Shares of Vip shop Holdings Ltd, (NYSE:VIPS), lost -1.02% to $16.54.
Vipshop Holdings Limited, declared its unaudited financial results for the third quarter ended September 30, 2015.
Third Quarter 2015 Highlights
- Total net revenue raised by 63% to RMB8.67 billion (US$1.36 billion) from RMB5.33 billion in the preceding year period.
- Gross profit raised by 63% to RMB2.16 billion (US$339 million) from RMB1.33 billion in the preceding year period. Gross margin remained stable at 24.9%, as contrast to the preceding year period.
- Income from operations raised by 241% to RMB436 million (US$69 million) from RMB128 million in the preceding year period. Operating margin raised to 5.0% from 2.4% in the preceding year period.
- Non-GAAP income from operations raised by 131% to RMB587 million (US$92 million) from RMB254 million in the preceding year period. Non-GAAP operating margin raised to 6.8% from 4.8% in the preceding year period.
- Net income attributable to Vipshop’s shareholders raised by 90% to RMB317 million (US$50 million) from RMB167 million in the preceding year period. Net income margin attributable to Vipshop’s shareholders raised to 3.7% from 3.1% in the preceding year period.
- Non-GAAP net income attributable to Vipshop’s shareholders[3] raised by 62% to RMB453 million (US$71 million) from RMB279 million in the preceding year period. Non-GAAP net income margin attributable to Vipshop’s shareholders[4] remained stable at 5.2%, as contrast to the preceding year period.
Vip shop 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 Phillips 66 (NYSE:PSX), declined -0.39% to $92.77, during its last trading session.
Phillips 66, declares third-quarter earnings of $1,578 million, contrast with earnings of $1,012 million in the second quarter of 2015. Adjusted earnings were $1,647 million, an improvement of $645 million from the last quarter.
“Our best quarterly earnings this year were driven by stronger results from Refining and Marketing. Higher refining capacity utilization and product margins raised financial results for these businesses,” said Greg Garland, Chairman and CEO. “In addition, we declared our 2016 capital budget and a $2 billion improvement to the company’s share repurchase program, which reflects our commitment to disciplined capital allocation.”
Phillips 66’s Midstream third-quarter adjusted earnings were $91 million, an improvement of $43 million from the second quarter.
Phillips 66’s Transportation business generated earnings of $77 million during the third quarter, an improvement of $12 million from the second quarter. Improved earnings were due to lower operating costs and raised equity earnings primarily driven by higher volumes.
Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feed stocks to its refineries and other locations; and delivers refined and specialty products, in addition to provides storage services for crude oil and petroleum products.
Finally, Shares of ABB Ltd (ADR) (NYSE:ABB), ended its last trade with 0.32% gain, and closed at $18.76.
ABB, a world leader in energy and automation technologies, celebrated the official inauguration of its new high-tech Measurement & Analytics facility in Quebec City in the presence of Jacques Daoust , Minister of the Economy, Innovation and Exports, Régis Labeaume, Mayor of Quebec City , and Nathalie Pilon , the newly designated President and Chief Executive Officer of ABB Canada.
The new 85,000-square-foot facility is located in the Espace d’innovation Michelet, a next-generation technological park in Quebec City , and represents a $20-million investment. The building is LEED-certified, aligning with ABB’s commitment to sustainable development. This project was executed in cooperation with Groupe Commercial AMT and Quebec City .
“This important investment reinforces our commitment to maintain best-in-class facilities in Canada so that we are able to offer our manufacturing and industry customers high-quality products and services in addition to sustainable solutions with regard to safety, energy efficiency and productivity,” said Pilon.
ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. The company’s Discrete Automation and Motion segment provides motors, generators, variable speed drives, programmable logic controllers, robots and robotics, solar inverters, wind converters, rectifiers, and excitation systems, in addition to power quality and protection solutions, electric vehicle fast charging infrastructure solutions, components and subsystems for railways, and related services for discrete automation, process industries, transportation, and utilities.