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JD.com Q3 numbers exceed expectations

19 November 2021 By Klavs Valters

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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.

You can trade JD.com Inc. (JD) and many other stocks from the NYSE, NASDAQ, HKEX and the ASX with GO Markets as a Share CFD. Click here for more information. Trading Derivatives carries a high level of risk.

Sources: JD.com, TradingView

Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.

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