Vipshop Holdings Ltd said its normalized net income for the first quarter was 50 fen per share, compared with the S&P Capital IQ consensus estimate of 64 fen per share.
EPS increased year over year from 25 fen.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 301.5 million yuan, a gain from 146.0 million yuan in the prior-year period.
The normalized profit margin increased to 3.5% from 3.4% in the year-earlier period.
Total revenue increased 100.0% year over year to 8.61 billion yuan from 4.31 billion yuan, and total operating expenses increased 99.4% on an annual basis to 8.22 billion yuan from 4.12 billion yuan.
Reported net income increased year over year to 367.5 million yuan, or 61 fen per share, from 163.2 million yuan, or 27 fen per share.
As of May 13, US$1 was equivalent to 6.20 yuan.
