JD.Com Inc Stock Surges on Q3 Revenue Beat

Advertisement

JD.Com Inc (ADR) (NASDAQ:JD) was on its way up today following positive results for the third quarter of the year.

JD.Com Inc (ADR) (JD) Stock Surges on Q3 Revenue Beat

The good news for JD stock starts with its revenue of $12.60 billion for the third quarter of 2017. This is up roughly 39% from its revenue for the third quarter of 2016. It also came in above Wall Street’s revenue estimate of $12.57 billion for the quarter.

Breaking down JD.Com Inc (ADR)’s revenue for the third quarter of 2017 shows that its online sales were up by almost 39%. The company also notes that revenue from its services and other segment was up by about 42% in the third quarter of 2017.

Earnings per share reported by JD.Com Inc (ADR) in the third quarter of the year was 23 cents. This is an increase over its earnings per share of 3 cents from the same time last year. It also beat out analysts’ earnings per share estimate of 10 cents for the third quarter of 2017, which is good for JD stock.

JD.Com Inc (ADR) reported that net income for the third quarter of the year came in at $200 million. This is good news for JD stock as it reported a net loss in the same period of the year prior.

JD.Com Inc (ADR) also provided guidance for the fourth quarter of 2017 in its most recent earnings report. The online direct sales company is expecting revenue for the quarter to range from $16.11 billion and $16.57 billion. Wall Street is looking for JD to report revenue of $16.26 billion in the fourth quarter of the year.

JD stock was up 4% as of noon Monday and is up 65% year-to-date.

As of this writing, William White did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, https://investorplace.com/2017/11/jd-com-stock-jumps-on-earnings-beat/.

©2024 InvestorPlace Media, LLC