Company News: JD.com (JD) quarterly results beat analysts’ expectations

Market news

13 August 2019

Company News: JD.com (JD) quarterly results beat analysts’ expectations

JD.com (JD) reported Q2 FY 2019 earnings of RMB 2.30 per share (versus RMB 0.33 in Q2 FY 2018), beating analysts’ consensus estimate of RMB 0.54.

The company’s quarterly revenues amounted to RMB 150.281 bln (+22.9% y/y), beating analysts’ consensus estimate of RMB 147.444 bln.

The company also issued in-line guidance for Q3 FY 2019, projecting revenues of RMB 126-130 bln versus analysts’ consensus estimate of RMB 126.13 bln.

JD rose to $28.30 (+4.20%) in pre-market trading.

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