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BUSINESS

JD.com Inc Adr Revenue, Earnings Beat in Third Quarter

Reportedly, the Chinese company announced EPS (earnings per share) of ¥6.27 on revenue of ¥243.5B.

On Friday, JD.com Inc Adr (NASDAQ:JD) reported Q3 revenue that topped expectations and earnings that beat analysts’ forecasts.

Reportedly, the Chinese company announced EPS (earnings per share) of ¥6.27 on revenue of ¥243.5B. Analysts anticipated EPS of ¥4.86 on revenue of ¥243.04B.

Shares of the e-commerce company are down 15 per cent from the start of the year. Shares are still down 36.38 per cent from their 52-week high of ¥90.41 on November 23, 2021.

The company’s quarterly report follows an earnings beat by Amazon on October 27. It reported an EPS of ¥0.28 on revenue of ¥127.1B, compared to the forecasted EPS of ¥0.22 on revenue of ¥127.76B. Earlier on Tuesday, Home Depot beat expectations with Q3 EPS of ¥4.24 on revenue of ¥38.9B, compared to the forecast for EPS of ¥4.12 on revenue of ¥37.92B.

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