JD.com (JD) shares advance as Q1 earnings, revenue exceed expectations
JD.com (NASDAQ: JD) saw its shares rise more than 4% in Thursday premarket trading after the e-commerce giant reported earnings and revenue that beat analyst expectations.
For the three-month period, the company posted earnings per share (EPS) of RMB5.65, beating analyst projections of RMB4.69. Revenue came in at RMB260.05 billion, up 7% year-over-year, and also above the consensus estimate of RMB258.03 billion.
Adjusted EBITDA was 10.79 billion yuan, up 14% year-over-year, compared to the estimate of 9.5 billion yuan.
The adjusted operating margin was 3.4%, higher than last year's 3.2% and above the estimated 3%.
By Vahid Karaahmetovic