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Any thoughts on JD.com stock/company?

Any thoughts on JD.com stock/company?
Asked by
Nick Robinson categorie-icon time-icon2 months ago
1 Answer Answer Question

Ilija Rankovic
Answered time-icon2 months ago

JD.com has posted its Q1 results on Friday, May 10th, and the results crushed the expectations. As JD stated, revenues for the first three months of 2019 rose 20.9% from the same period last year. The revenues have now risen to 121.1 billion Chinese yuan. The figure has surpassed the Refinitiv‘s consensus forecast of 120.1 billion yuan. The current revenues can be translated into somewhere around $18 million.

The revenue increase also made earnings per share increase. JD’s earnings per share came out to 4.96 yuan per share, or $0.33, which is well ahead of the Wall Street consensus forecast of $0.12 per share.

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