Company News: JD.com (JD) quarterly earning beat analysts’ estimate

Market news

19 November 2018

Company News: JD.com (JD) quarterly earning beat analysts’ estimate

JD.com (JD) reported Q3 FY 2018 earnings of CNY 0.80 per share (versus CNY 1.52 in Q3 FY 2017), beating analysts’ consensus estimate of CNY 0.67.

The company’s quarterly revenues amounted to CNY $104.768 bln (+25.1% y/y), missing analysts’ consensus estimate of CNY $105.932 bln.

The company also issued downside guidance for Q4 FY 2018, projecting revenues of CNY130-135 bln versus analysts’ consensus estimate of CNY135.68 bln.

JD fell to $22.42 (-2.73 %) in pre-market trading.

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