JD.com Tops Q3 Earnings & Revenue Estimates: Buy, Sell or Hold Shares?
JD(JD) ZACKS·2024-11-20 02:11
Chinese e-commerce giant JD.com (JD) exceeded market expectations in its third-quarter 2024 results, reporting adjusted earnings of $1.24 per share, surpassing the Zacks Consensus Estimate by 13.76%. The company's revenues reached $37.1 billion, beating the consensus mark by 1.54% and marking 5.1% year-over-year growth, demonstrating resilience in a challenging market environment. The company's operational efficiency showed notable improvement, with operating margin expanding to 4.6% from 3.8% year over yea ...