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Market Overview Reports Q1 Earnings Beat

Share: Reports Q1 Earnings Beat

JD.Com Inc (NASDAQ: JD) reported first-quarter earnings of 28 cents per share on Friday, which beat the analyst consensus estimate of 11 cents per share. The company reported sales of $20.6 billion, which beat the $19.29 billion estimate. reported annual active customer accounts increased by 24.8% to 387.4 million in the 12 months ending March 31, 2020 from 310.5 million in the 12 months ending March 31, 2019.

"We are proud that has been able to remain fully operational throughout the COVID-19 outbreak, and our employees are proud of the contributions JD continues to make towards building a more productive and sustainable society," said Richard Liu, CEO of "Strong user growth during the first quarter reflects consumers' increasing reliance on to support every aspect of their lives, and confidence in our commitment to providing a broad selection of quality products and best-in-class services." was trading 3.3% higher at $50.60 in Friday’s pre-market session. The stock has a 52-week high of $49.13 and a 52-week low of $25.48.

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