JD.com (JD) Q3 Revenue and Profit Exceed Expectations

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Nov 14, 2024
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JD.com (JD, Financial) reported its third-quarter financial results with impressive figures. The company achieved a revenue of 260.39 billion yuan, surpassing last year's 247.7 billion yuan and beating analysts' estimates of 259.73 billion yuan.

Net profit soared to 11.731 billion yuan, a significant increase from 7.936 billion yuan in the same period last year. Adjusted net profit reached 13.2 billion yuan, marking a 23.9% year-over-year growth. Furthermore, the adjusted earnings per American Depository Share (ADS) were 8.68 yuan, exceeding the forecast of 7.42 yuan.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.