JD.com (NASDAQ:JD) reported third-quarter earnings of 29 cents per share on Friday, which beat the analyst consensus estimate of 17 cents by 70.59%. This is a 141.67% increase over earnings of 12 cents per share from the same period last year.
The company reported quarterly sales of $18.865 billion, which beat the analyst consensus estimate of $18.13 billion by 4.05%. This is a 23.66% increase over sales of $15.255 billion the same period last year.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
See Also: JD.com Option Traders Betting Big On Earnings Beat
"More and more consumers in China's fast-growing lower-tier cities are turning to JD for our superior value and service,” said Richard Liu, the CEO of JD.com in a statement. “We will continue to invest in technology and innovation to meet the growing needs of Chinese consumers and businesses for fast and reliable e-commerce and supply chain solutions."
JD.com shares were trading up 3.3% at $34.68 in Friday’s pre-market session. The stock has a 52-week high of $34.09 and a 52-week low of $19.21.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.