Vipshop Holdings Ltd said its third-quarter normalized net income was 44 fen per share, compared with the S&P Capital IQ consensus estimate of 78 fen per share.

EPS increased 70.5% year over year from 26 fen.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 265.1 million yuan, an increase of 71.1% from 154.9 million yuan in the year-earlier period.

The normalized profit margin increased to 3.1% from 2.9% in the year-earlier period.

Total revenue rose 62.7% year over year to 8.67 billion yuan from 5.33 billion yuan, and total operating expenses rose 58.3% from the prior-year period to 8.24 billion yuan from 5.20 billion yuan.

Reported net income rose 89.5% year over year to 316.7 million yuan, or 53 fen per share, from 167.1 million yuan, or 28 fen per share.

As of Nov. 17, US$1 was equivalent to 6.38 yuan.