JD.com (JD) Misses Q2 EPS by 5c, Revenues Beat

August 16, 2018 6:05 AM EDT

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JD.com (NASDAQ: JD) reported Q2 EPS of $0.05, $0.05 worse than the analyst estimate of $0.10. Revenue for the quarter came in at $18.5 billion versus the consensus estimate of $17.8 billion.

Net revenues1 for the second quarter of 2018 were RMB122.3 billion (US$218.5 billion), an increase of 31.2% from the second quarter of 2017. Net service revenues for the second quarter of 2018 were RMB11.8 billion (US$1.8 billion), an increase of 51.0% from the second quarter of 2017.
Operating margin of JD Mall before unallocated items3 for the second quarter of 2018 was 1.1%, as compared to 0.8% for the same period last year.
Net loss from continuing operations attributable to ordinary shareholders for the second quarter of 2018 was RMB2,212.5 million (US$334.4 million), compared to RMB287.0 million for the same period last year. Non-GAAP net income from continuing operations attributable to ordinary shareholders4 for the second quarter of 2018 was RMB478.1 million (US$72.3 million), compared to RMB976.5 million for the same period last year.
Diluted EPS and Non-GAAP Diluted EPS. Diluted net loss per ADS from continuing operations for the second quarter of 2018 was RMB1.54 (US$0.23), compared to RMB0.20 for the second quarter of 2017. Non-GAAP diluted net income per ADS from continuing operations for the second quarter of 2018 was RMB0.33 (US$0.05), compared to RMB0.67 for the same quarter last year.
Annual active customer accounts increased by 21.5% to 313.8 million in the twelve months ended June 30, 2018 from 258.3 million in the twelve months ended June 30, 2017.

“As China’s most trusted e-commerce platform, JD continues to win over quality-focused customers with a premium shopping experience and an unrivaled level of service, no matter where they choose to shop,” said Richard Liu, Chairman and CEO of JD.com. “We are also seeing more corporate clients, both Chinese and international, leveraging JD’s superior technology and retail infrastructure to help take their businesses to the next level. We will continue to prioritize technology innovation to empower our partners with enhanced capabilities and improved efficiency, helping us to realize our ‘Retail as a Service’ strategy, and driving our next phase of growth.”

“We are pleased to see continued healthy performance in the second quarter, with solid revenue growth and improved margins in our core JD Mall business,” said Sidney Huang, Chief Financial Officer of JD.com. “Our new business initiatives continue to gain impressive traction across the industry. We will maintain a balanced, long-term approach to investing in the technologies that will define the future of retail.”

For earnings history and earnings-related data on JD.com (JD) click here.



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