JD.com (JD) Reports Q3 EPS of RMB0.02
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November 17, 2015 8:32 AM EST
Summit Research reiterated a Hold rating and $35.00 price target on JD.com, Inc (NASDAQ: JD) following the company's 3Q earnings report. 3Q15 revenue came in below consensus, reflecting no major promotion events in the September quarter, and to a lesser extent, the challenging economy. Strong December quarter guidance suggests successful Double-Eleven shopping promotions, likely driven by strong active user acquisitions, which reflects the... More
November 17, 2015 7:51 AM EST
Cowen analyst, John Blackledge, published an earnings review on JD.com, Inc (NASDAQ: JD) highlighting the weakness in the quarter as well as an issue that will likely pressure results going forward, the lost agreement with Pai Pai. Despite its challenges, the analyst said there were no changes to the Market Perform rating or $36 price target.
JD reported RMB 44.1BN in revenue, +52% y/y, 1% below... More
