JD.com Inc. (JD) announced its third-quarter earnings numbers on Thursday, beating analyst estimates.
The Chinese e-commerce company reported revenue of $33.91 billion in the third-quarter (up by 25.5% from the same period last year) vs. forecast of $33.345 billion.
Earnings per share at $0.49 a share vs. $0.31 a share expected.
Lei Xu, President of JD.com commented on the latest results: ”With resilient business operations and core competences in technology and supply chain, JD has built a unique business model, enabling us to have better control across the entire business process.”
”This powerful competitive advantage allows us to navigate through economic cycles and increases our ability to create value as a new type of real economy based enterprise. As a result, consumers and business partners increasingly trust and rely on JD, and we were able to outpace the industry growth in China in the third quarter. JD will continue to create value for our users and business partners, especially the millions of SMEs in the real economy that we work with every day,” Xu added.
JD.com Inc. (JD) chart (1Y)
Shares of JD.com were trading 6% higher on Thursday. The stock is up by around 2% in the past year at $88.33 per share.
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Sources: JD.com, TradingView
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