JD.com Inc. (NASDAQ: JD) reported its most recent quarterly results before the markets opened on Monday. The Chinese e-commerce company said that it had $0.50 in earnings per share (EPS) and $28.5 billion in revenue, while consensus estimates had called for $0.38 in EPS and $27.45 billion in revenue. The second quarter of last year reportedly had EPS of $0.32 and revenue of $21.47 billion.
During the most recent quarter, total revenues increased 33.8% year over year. This consisted of net revenues from the sales of general merchandise products increasing 45.4% to $9.1 billion and net service revenues increasing 36.4% to $3.2 billion.
Annual active customer accounts increased by 29.9% to 417.4 million in the 12 months ended June, up from 321.3 million in the 12 months ended June 2019. Mobile daily active users in June increased by 40% year over year.
Also in June of this year, the company successfully listed on the main board of the Stock Exchange of Hong Kong under the stock code 9618, with a global offering of 152,912,100 new class A ordinary shares. The Hong Kong-listed shares are fully fungible with JD.com’s American depositary shares (ADSs) listed on the Nasdaq Stock Exchange, based on the ratio of two ordinary shares per ADS.
JD.com plans to use the net proceeds from the June offering to invest in key supply chain-based technology initiatives to further enhance customer experience and improve operating efficiency.
At the end of the quarter, cash and cash equivalents, restricted cash and short-term investments totaled $17.8 billion.
The company offered no guidance in the release. However, analysts are calling for $0.38 in EPS and $24.01 billion in revenue for the third quarter. For the full year, analysts expect to see $1.32 per share and $102.91 billion.
JD.com stock traded up about 2% early Monday at $63.35, in a 52-week range of $27.47 to $69.18. The consensus price target is $67.54.
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
