Shares of Vipshop (NYSE: VIPS)tumbled nearly 20% on May 15 after the Chinese e-tailer reported its first-quarter numbers. Its revenue rose 25% annually to 19.9 billion yuan ($3.2 billion), beating estimates by $120 million, but its non- GAAPnet income dropped 9% to 728 million yuan ($116 million), or 1.
05 yuan ($0.17) per ADS, missing expectations by a penny. But did Vipshop deserve to decline that much in a single day?Can Vipshop Rebound From Its Post-Earnings Plunge?
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