Company News: JD.com (JD) quarterly earnings miss analysts’ forecast

Market news

15 May 2020

Company News: JD.com (JD) quarterly earnings miss analysts’ forecast

JD.com (JD) reported Q1 FY 2020 earnings of RMB0.28 per share (versus RMB2.23 per share in Q1 FY 2019), missing analysts' consensus estimate of RMB0.63 per share.

The company's quarterly revenues amounted to RMB146.200 bln (+20.7% y/y), beating analysts' consensus estimate of RMB136.628 bln.

The company also issued upside guidance for Q2 FY 2020, projecting revenues of RMB180-195 bln versus analysts' consensus estimate of RMB 176.51 bln.

JD rose to $50.50 (+3.15%) in pre-market trading.

USD/JPY: 110 is seen as a short-term ceiling - Danske Bank

GBP/USD: Heading below 1.2000 – MUFG

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