Nomura has released a report highlighting that JD.com (JD, Financial) performed better than expected in its third-quarter earnings, with revenue meeting expectations. However, the company's guidance for the fourth quarter remains cautious. The firm maintains a "buy" rating but has adjusted its target price from $53 to $50.
JD.com reported improvements in sales for home appliances and personal computers since the launch of its trade-in program in September. Electronics revenue saw a 3% increase, a significant recovery from the 5% year-over-year decline in the second quarter. Additionally, JD.com's supermarket segment continued to experience double-digit annual growth, with ongoing improvements in profit margins.
