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JD.com reports Q3 revenue below expectations, shares down [Yahoo! Finance]
Last jd.com, inc. - american depositary shares earnings: 3/2 05:03 am
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US:NASDAQ Investor Relations: ir.jd.com
The company's US-listed shares fell over 3% in premarket trading. JD.com posted a 5.1% increase in total revenue for the third quarter, reaching 260.4 billion yuan ($35.95 billion), slightly below the market expectation of 261.45 billion yuan, as per LSEG data. Net income attributable to JD.com's ordinary shareholders rose by 47.8% year-over-year, reaching 11.7 billion yuan for the July-September quarter. “During the quarter, we were able to play an important role in China's trade-in program, thanks to our leading supply chain capabilities and fulfillment infrastructure that we've built over the past two decades,” said Sandy Xu, CEO of JD.com. "We believe we've laid a solid foundation for sustainable operational and financial progress in the months and years ahead." China's prolonged property market crisis, along with a broader economic slowdown and rising job insecurity, has weighed heavily on consumer confidence in the world's second-largest economy, impacting retail dema
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NEWS
- Michael Burry's Strategic Exits and Increases Highlight Q3 Moves, with Major Exit from Hudson ... [Yahoo! Finance][Yahoo! Finance]
- JD.com (JD) Q3 2024 Earnings Call Transcript [Yahoo! Finance][Yahoo! Finance]
- JD.com Q3 Earnings: Revenue Beats Forecast Amid Consumer Rebound, Highlights Supply Chain Strength, Eyes Margin Growth [Yahoo! Finance][Yahoo! Finance]
- Individual investors who have a significant stake must be disappointed along with institutions after JD.com, Inc.'s (NASDAQ:JD) market cap dropped by US$4.4b [Yahoo! Finance][Yahoo! Finance]
- JD's Revenue Growth Quickens in Positive China Economy Signal [Yahoo! Finance Canada][Yahoo! Finance Canada]
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SEC Filings
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
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