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25-08-2021, 08:26 AM
JD.com Beats Estimates Despite Regulatory Crackdown
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BRIAN DEAGON04:19 PM ET 08/23/2021
China internet giant JD.com (JD) reported second-quarter results early Monday that beat expectations as revenue jumped 26%. JD stock initially fell, then reversed.
JD, which competes with Alibaba (BABA) and other e-commerce companies, reported revenue of $39 billion, above expectations of $38.2 billion. It reported adjusted earnings of 45 cents a share, vs. expectations of 40 cents.
JD stock initially fell 1.4% during morning trading. Shares turned it around and climbed 3.3% to close at 65.73 on the stock market today.
Active annual customers jumped 27% to 532 million. The addition of 32 million new users was the company's largest quarterly increase in its history.
FacebookTwitterLinkedInShare Licensing
BRIAN DEAGON04:19 PM ET 08/23/2021
China internet giant JD.com (JD) reported second-quarter results early Monday that beat expectations as revenue jumped 26%. JD stock initially fell, then reversed.
JD, which competes with Alibaba (BABA) and other e-commerce companies, reported revenue of $39 billion, above expectations of $38.2 billion. It reported adjusted earnings of 45 cents a share, vs. expectations of 40 cents.
JD stock initially fell 1.4% during morning trading. Shares turned it around and climbed 3.3% to close at 65.73 on the stock market today.
Active annual customers jumped 27% to 532 million. The addition of 32 million new users was the company's largest quarterly increase in its history.
