JD.com reports Q2 earnings ahead of estimates, margins growth; shares rise
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/24/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Needham Starts NeoVolta (NEOV) at Buy
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
Susquehanna Reiterates Neutral Rating on JD.com, Inc (JD)
August 19, 2024 6:02 AM EDTSusquehanna analyst Shyam Patil reiterated a Neutral rating and $28.00 price target on JD.com, Inc (NASDAQ: JD).
The analyst comments "Our thoughts. JD saw some top-line challenges, but profitability came in better and management expects healthy y/y profit growth in FY24... More
JPMorgan Upgrades JD.com, Inc (JD) to Overweight, 'Too cheap to ignore'
August 16, 2024 8:40 AM EDTJPMorgan analyst Andre Chang upgraded JD.com, Inc (NASDAQ: JD) from Neutral to Overweight with a price target of $36.00 (from $33.00).
The analyst comments "We believe JDs strategy adjustment and valuation have reached an inflection point for the stock to outperform in the next 6-12 months, leading us to upgrade it to OW with a new Jun-25 PT of US$36 on 8x 2025E P/E, suggesting 30%+ potential upside. Upside catalysts will... More
JD.com, Inc (JD) PT Lowered to $32 at Bernstein SocGen Group
August 16, 2024 6:00 AM EDTBernstein SocGen Group analyst Robin Zhu lowered the price target on JD.com, Inc (NASDAQ: JD) to $32.00 (from $35.00) while maintaining a Market Perform rating.
The analyst comments "Q2 core profits a small beat. JDs Q2 results showed revenue (RMB291bn, +1.2% year on... More
JD.com, Inc (JD) PT Raised to $43 at Jefferies
August 15, 2024 4:01 PM EDTJefferies analyst Thomas Chong raised the price target on JD.com, Inc (NASDAQ: JD) to $43.00 (from $41.00) while maintaining a Buy rating.
The analyst comments "JD reported 2Q results with revenue coming inline and non-GAAP earnings exceeding expectations. During conference call, management highlighted solid... More
Citi Reiterates Buy Rating on JD.com, Inc (JD)
August 15, 2024 7:06 AM EDTCiti analyst Alicia Yap reiterated a Buy rating and $42.00 price target on JD.com, Inc (NASDAQ: JD).
The analyst comments "2Q24 total revenues of Rmb291.4bn, +1.2% yoy, slightly beat our/consensus estimates of Rmb290.3bn/Rmb290.5bn by 0.4%/0.3%. Non-GAAP NP reached Rmb14.5bn (5.0%... More
JD.com (JD) Tops Q2 EPS by 312c
August 15, 2024 6:09 AM EDTJD.com (NASDAQ: JD) reported Q2 EPS of RMB9.36, RMB3.12 better than the analyst estimate of RMB6.24. Revenue for the quarter came in at RMB291.4 billion versus the consensus estimate of RMB291.47 billion.
For earnings history and earnings-related data on JD.com (JD) click here.
... MoreChina e-commerce group JD.com beats profit forecasts in second quarter
August 15, 2024 6:06 AM EDT(Reuters) -Chinese e-commerce group JD.com on Thursday reported forecast beating second-quarter profits, helped by price cuts that attracted cost-conscious shoppers to its platform.
JD.com's U.S.-listed shares rose more than 4% in early trading.
Major Chinese vendors like JD.com and Alibaba have increased focus on discounts and lower-priced goods as Chinese shoppers have become more cautious about spending.
Alibaba, which reported first-quarter revenue on Thursday, missed analysts' expectations.
A stuttering post-COVID recovery in China has benefited low-cost e-commerce players such as PDD Holdings. Increased competition... More
