JD.com earnings are strong.
JD.com earnings were released earlier today and they were strong. While the Chinese e-commerce company missed the adjusted earnings consensus of 14 cents per share by 3 cents (11 cents), they did beat the revenue estimates of $15.5 billion by making $16 billion.
Alibaba, JD.com’s biggest competitor, released their stellar earnings last week (Buy Alibaba Stock After Earnings). While receiving no love from Wall Street before (Earnings Suggest To Invest In BABA Stock), Jack Ma has BABA firing on all cylinders. The same case can be said about JD.com and CEO & Chairman Richard Liu.
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Mr. Liu stated: “We will continue to focus on building our technology capabilities to further enhance our customer experience and deepen the strength of our infrastructure.” Their customer accounts rose to 301.8 million. Having so many customers help them employ more than 163,000 people and build around 515 warehouses.
The markets are completely mispricing the growth of this company (Missing the Big Picture of JD), hence the stock is down around the upper 3% at the time of this writing ($37.30).
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