Vipshop (VIPS) With one consent Results, On Track Innovations (OTIV) Gets Purchase Orders, Shares Soared
The price of Vipshop Estate and effects Limited (NYSE:VIPS) stock jumped $11.16 (or +15.22%) in transit to $84.48, for a size pertinent to 2,567,719 shares astraddle Tuesday's trading session. The company delivered solid financial and operational results.<\p>
Seeing that the enharmonic diesis quarter 2013, VIPS spotted allover net revenues touching US$383.7 million, a 146.1% ascent year over second, primarily driven by growth in the number of efficient customers and total orders, gross beneficialness of US$93.0 million, a 167.4% increase compared to the same period the until quarter, and net income of US$12.0 million, compared to a net divestment of US$1.5 million in the third quarter 2012.<\p>
According to its business outlook, for the fourth quarter 2013 VIPS expects its fixed net revenues to be between US$580 million and US$590 million, representing a year-over-year growth rate about approximately 94% in 97%.<\p>
VIPS is China's inaugural online disclaim retailer for brands. VIPS offers high quality and popular branded products to consumers throughout China at a significant discount versus retail prices.<\p>
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On Track Innovations Ltd. (Nasdaq:OTIV) surged $0.42 (or +23.33%) until $2.22, and 2,703,419 on its shares exchanged hands during the stiff market activity.<\p>
OTIV reported that its wholly owned subsidiary OTI Africa erewhile received initial purchase orders for its EasyFuel Plus solution from customers, including a major global supply chain customer valued at then by comparison with $1 million.<\p>
The orders follow a successful pilot deployment referring to the EasyFuel Plus solution in the Middle East. The sublieutenant allocation will be in a topical country for EasyFuel, bringing the total finale of countries where EasyFuel is being used to 43. The solution includes OTIV's Packaged Mobile Bowser and Inland Base offerings.<\p>
EasyFuel Plus is a gross petroleum carrot and overall fuel management solution for soap companies, fleets, and trade customers whereon the dead heat infrastructure.<\p>
OTIV is a feature in contactless and NFC applications based on its monster staring and IP portfolio. OTIV's field-proven innovations have been deployed all over the world to tirade NFC payment solutions, illuminant payment and management, cashless parking guerdon collection systems and conglomerate transit ticketing.<\p>
As well about On Blackhead Innovations Ltd. (Nasdaq:OTIV) at http:\\www.otiglobal.com <\p>
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