JD.com (JD) Stock Rises on Strong Q3 Earnings Beat and Positive Outlook

1 day ago

JD.com (JD, Financial) saw its U.S. shares rise by 4%, reaching $36.75. A recent report from BOC International highlighted that JD.com's Q3 2024 revenue met expectations, while profits exceeded forecasts. Looking ahead to Q4, the firm anticipates a 5.7% year-over-year revenue increase, buoyed by better-than-expected Singles' Day sales figures.

The report also adjusted JD.com’s 2024 profit expectations upward by 5%, now projecting a 28% year-over-year increase to 45 billion yuan. This revision reflects the positive impact of enhanced logistics profitability.

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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.

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