JD.com reports Q2 earnings ahead of estimates, margins growth; shares rise
Shares in JD.com (NASDAQ: JD) rose more than 3% in premarket trading Thursday after the Chinese e-commerce firm reported better-than-expected earnings for the fiscal Q2 2024.
Earnings per share (EPS) for the quarter came in at RMB9.36, surpassing analyst expectations of RMB6.24. Revenue stood at RMB291.4 billion, roughly in line with analyst consensus estimates of RMB291.47 billion.
The adjusted EBITDA for the quarter was RMB13.53 billion, a 30% increase year-over-year, exceeding the estimated RMB11.69 billion. The adjusted EBITDA margin improved to 4.6%, compared to 3.6% in the same period last year.
JD.com also reported an adjusted operating margin of 4%, up from 3% a year earlier and above the expected 3.43%.
“We remained committed to the sustainable and high-quality growth of our business in the second quarter,” said Sandy Xu, Chief Executive Officer of JD.com.
“Going forward, we will continue to focus on our own strengths to enhance user experience, price competitiveness and platform ecosystem, which we believe are the fundamentals to ensure sustainable growth in the years to come.”
By Vahid Karaahmetovic