Article Hero

JD.com falls short on revenue in Q3

1605539092.jpg
Miguel A. Rodriguez
Miguel A. Rodriguez
16 November 2020
Despite missing the revenues consensus, JD topped the earnings forecast

One of the largest Chinese e-commerce platforms, JD.com posted its Q3 2020 earnings.

In Q3, JD.com had revenues of $25.7 billion, below the $25.75 billion consensus. Still, the figures came in 29.2% higher than those reported during the same time last year. At the same time, the company reported an EPS of 50 cents, ahead of the 41 cents per share previously forecasted.

Compared to last year's figures, the number of active users increased by 32.1% coming in at 441.6 million. JD Plus membership program reported over 20 million people.

The company's CEO Richard Liu stated that despite the uncertainties brought by the pandemic JD.com keeps on hiring people to ensure the best customer experience possible.

Despite the promising figures, JD.com's stock price fell 3.2% after the report. Still, the company's stock price went up 61% in the last six months.

Sources: thestreet.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

Share this article

How did you find this article?

Awful
Ok
Great
Awesome

Read More

Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.