JD.com: Profit Expansion And Buyback Bonanza Support Deep Value Thesis
JDJD(JD) Seeking Alpha·2024-08-20 12:44
xiaoke chen/iStock Unreleased via Getty ImagesJD.com (NASDAQ:JD) (OTCPK:JDCMF) reported earnings for the June quarter on August 15th and reported an overall strong set of results, beating analyst consensus estimates on profitability. Indeed, shares surged >15% in the two days following the earnings release, as investors repriced the e-commerce giant's ability not only to generate cash flows but also to distribute these cash flows to shareholders - with cumulative buybacks in H1 2024 of about $3.3 billio ...