JD.com Announces First Quarter 2020 Results

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Go back to JD.com Announces First Quarter 2020 Results

JD.com, Inc (JD) PT Raised to $60 at Bernstein

May 17, 2020 7:41 PM EDT

Bernstein analyst David Dai raised the price target on JD.com, Inc (NASDAQ: JD) to $60.00 (from $55.00) while maintaining a Outperform rating.

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JD.com (JD) Tops Q1 EPS by 17c, Revenues Beat

May 15, 2020 5:53 AM EDT

JD.com (NASDAQ: JD) reported Q1 EPS of $0.28, $0.17 better than the analyst estimate of $0.11. Revenue for the quarter came in at $20.6 billion versus the consensus estimate of $19.29 billion.

First Quarter 2020 Highlights

Net revenues for the first quarter of 2020 were RMB146.2 billion (US$120.6 billion), an increase of 20.7% from the first quarter of 2019. Net revenues from the sales of general merchandise products for the first quarter of 2020 were RMB52.5 billion (US$7.4 billion), an increase of 38.2% from the first quarter of 2019. Net service revenues for the first quarter of 2020 were RMB16.1 billion (US$2.3 billion), an... More