JD.com beats quarterly estimates with 5 percent revenue rise
JD.com reported revenue of 315.7 billion yuan as subsidies offset weak demand. While net income fell on higher costs, the results beat analyst expectations.
Xurve View
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Xurve View
JD.COM INC-CLASS A reported first-quarter revenue of 315.7 billion yuan ($46.47 billion), a 5% increase that beat LSEG consensus estimates. Net income reached 5.1 billion yuan, exceeding the 3.37 billion yuan expected by 15 analysts. Investors are tracking whether China government subsidies can offset cooling consumer demand and rising logistics costs.
