UPDATE 2-China's JD.com beats quarterly revenue estimates, shares rise [Reuters]
JD.com, Inc. - American Depositary Shares (JD)
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Source: Reuters
China's JD.com beats quarterly revenue estimates, shares rise - Reuters 4 Min Read SHANGHAI (Reuters) - China’s JD.com Inc ( JD.O ) beat analysts’ estimates for quarterly revenue on Friday, boosted by stronger sales in its core e-commerce business, sending its shares up nearly 7% before the bell. The company attributed the strong results to growth in lower-tier cities, a key area of expansion for China’s e-commerce giants as they tap out their existing base of users in China’s wealthier regions. The company’s total net revenue rose 28.7% to 134.8 billion yuan ($19.27 billion) in the third quarter ended Sept. 30. Analysts had expected revenue of 128.6 billion yuan, according to IBES data from Refinitiv. The company forecast net revenue between 163 billion yuan and 168 billion yuan in the fourth quarter. Analysts had expected revenue of 163.54 billion yuan. “Customer growth also remained solid, reflecting our commitment to becoming China’s top source for quality products at everyday l
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JD
Earnings
- 11/14/24 - Beat
JD
Sec Filings
- 11/14/24 - Form 6-K
- 10/31/24 - Form 6-K
- 9/30/24 - Form 144
- JD's page on the SEC website