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

Market news

15 November 2019

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

JD.com (JD) reported Q3 FY 2019 earnings of RMB 2.08 per share (versus RMB 0.80 in Q3 FY 2018), beating analysts’ consensus estimate of RMB 1.20.

The company’s quarterly revenues amounted to RMB 134.843 bln (+28.7% y/y), beating analysts’ consensus estimate of RMB 128.415 bln.

The company also issued in-line guidance for Q4, projecting revenues of RMB 163-168 bln vs. analysts’ consensus estimate of RMB 163.33 bln.

JD rose to $35.44 (+5.57%) in pre-market trading.

AUD/USD faces the next key support at 0.6765 – UOB

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