Vipshop (VIPS) reported Q2 non-GAAP earnings Thursday of 4.06 Chinese renminbi ($0.57) per diluted American depositary share, up from 3.91 renminbi a year earlier.

Analysts polled by FactSet expected 3.98 renminbi.

Total net revenue for the quarter ended June 30 was 25.81 billion renminbi, compared with 26.88 billion renminbi a year earlier.

Analysts surveyed by FactSet expected 25.77 billion renminbi.

For Q3, Vipshop expects total net revenues to be between 20.7 billion renminbi and 21.7 billion renminbi. Analysts polled by FactSet expect 20.65 billion renminbi.

Shares of the company were down 1% in recent Thursday premarket activity.