JD.com beats expectations
19 November 2022JD.com Inc. (NASDAQ: JD, HKEX: 9618) reported its latest earnings results for the three months that ended September 30, 2022, on Friday.
The Chinese e-commerce company had a solid quarter – beating revenue and earnings per share (EPS) forecasts.
JD reported revenue of $34.373 billion (up by 11.4% from the previous quarter) vs. $34.145 billion estimate.
EPS reported at $0.885 per share vs. $0.685 per share expected.
”JD.com’s relentless focus on user experience, cost and efficiency has allowed us to continuously expand our user base while delivering profitable growth,” Sandy Xu, CFO of the company said in a press release.
”Our pre-emptive efforts earlier this year to promote operating efficiency and financial discipline have proven timely and effective given the ongoing external challenges. We will continue to focus on capturing the vast opportunity presented by China’s retail market by striving to be the partner of choice for China’s consumers and enterprises,” Xu added.
Share of JD were down by around 3% on Friday at $56.01 a share.
Stock performance
- 1 month: +33.14%
- 3 month: +60%
- Year-to-date: -19.91%
- 1 year: -38.70%
JD.com price targets
- Barclays: $59
- Citigroup: $85
- Goldman Sachs: $89
- Benchmark: $106
- JP Morgan: $58
- Mizuho: $90
- HSBC: $91
- Morgan Stanley: $85
JD.com is the 146th largest company in the world with a market cap of $89.10 billion.
You can trade JD.com Inc. (NASDAQ: JD, HKEX: 9618) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD.
Sources: JD.com Inc., TradingView, MarketWatch, MetaTrader 5, Benzinga, CompaniesMarketCap
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