JD.com Reports Q1 Earnings Beat

JD.com Reports Q1 Earnings Beat

JD.Com Inc 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.

JD.com 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 JD.com 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 JD.com. "Strong user growth during the first quarter reflects consumers' increasing reliance on JD.com 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."

JD.com 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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