UPDATE 2-JD.com shares jump on upbeat sales performance [Reuters]
JD.com, Inc. - American Depositary Shares (JD)
Last jd.com, inc. - american depositary shares earnings: 3/2 05:03 am
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Source: Reuters
JD.com shares jump on upbeat sales performance | Reuters 3 Min Read BEIJING (Reuters) - JD.com Inc, China’s second largest e-commerce firm, reported a 22.4 percent jump in quarterly sales on Thursday, beating estimates on the back of robust retail sales and sending its U.S.-listed shares up 13.8 percent in pre-market trade. The results, however, still represent the company’s slowest quarterly revenue growth rate since its 2015 initial public offering, as an economic slowdown hits China’s top ecommerce companies. JD.com’s sales are seasonally high in the fourth quarter due to promotions surrounding “Single’s Day”, a China-wide online shopping frenzy that peaks on November 11. The company said sales for the event peaked at 159.8 billion yuan ($23.9 billion), up 26 percent from a year earlier. Its shares are up 24 percent this year, recovering after slower sales growth and the temporary arrest of chief executive Richard Liu sent stock down in 2018. Analysts and executives in the industry
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JD
News
- JD.com, Inc. (NASDAQ: JD) had its "equal weight" rating re-affirmed by analysts at Morgan Stanley. They now have a $27.00 price target on the stock.MarketBeat
- China Market Update: Markets Ignore Biden Tariff Talk, JD.com Buyback Update [Forbes]Forbes
- JD.com Announces Updates of Its Share Repurchase Program [Yahoo! Finance]Yahoo! Finance
- JD.com Announces Updates of Its Share Repurchase ProgramGlobeNewswire
- JD.com Files Its Annual Report on Form 20-FGlobeNewswire
JD
Earnings
- 3/6/24 - Beat
JD
Sec Filings
- 4/18/24 - Form 6-K
- 4/18/24 - Form 6-K
- 4/18/24 - Form 20-F
- JD's page on the SEC website