JD.com (JD) Tops Q2 EPS by 2c, Beats on Revenues

August 14, 2017 5:42 AM EDT

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JD.com (NASDAQ: JD) reported Q2 EPS of $0.10, $0.02 better than the analyst estimate of $0.08. Revenue for the quarter came in at $13.75 billion versus the consensus estimate of $13.3 billion.

Second Quarter 2017 Highlights for Continuing Operations

  • Net revenues1 for the second quarter of 2017 were RMB93.2 billion (US$213.7 billion), an increase of 43.6% from the second quarter of 2016.
  • Net loss from continuing operations attributable to ordinary shareholders for the second quarter of 2017 was RMB287.0 million (US$42.3 million), compared to net income from continuing operations attributable to ordinary shareholders of RMB127.6 million for the same period last year. Non-GAAP net income from continuing operations attributable to ordinary shareholders3 for the second quarter of 2017 was RMB976.5 million (US$144.1 million), as compared to RMB612.6 million in the second quarter of 2016.
  • Diluted EPS and Non-GAAP Diluted EPS. Diluted net loss per ADS from continuing operations for the second quarter of 2017 was RMB0.20 (US$0.03), compared to diluted net income per ADS from continuing operations of RMB0.09 for the second quarter of 2016. Non-GAAP diluted net income per ADS from continuing operations for the second quarter of 2017 was RMB0.67 (US$0.10), as compared to RMB0.44 in the second quarter of 2016.
  • Operating cash flow from continuing operations for the twelve months ended June 30, 2017 increased to RMB26.6 billion (US$3.9 billion) from RMB4.1 billion for the twelve months ended June 30, 2016. Free cash flow4 from continuing operations, which excludes the impact from JD Baitiao included in the operating cash flow, for the twelve months ended June 30, 2017 increased by 214% to RMB28.9 billion (US$4.3 billion), compared to RMB9.2 billion for the twelve months ended June 30, 2016.
  • GMV for the second quarter of 2017 increased by 46% to RMB234.8 billion (US$34.6 billion) from RMB160.4 billion in the second quarter of 2016.
  • Annual active customer accounts increased by 37% to 258.3 million in the twelve months ended June 30, 2017 from 188.1 million in the twelve months ended June 30, 2016.
  • Fulfilled orders in the second quarter of 2017 were 591.2 million, an increase of 41% from 418.9 million in the same period in 2016. Fulfilled orders placed through mobile accounted for approximately 80% of total orders fulfilled in the second quarter of 2017, an increase of 42% compared to the same period in 2016.

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



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