JD.com Q1 Adj. EPS $0.78 Beats $0.64 Estimate, Sales $36.00B Beat $35.62B Estimate
Portfolio Pulse from Benzinga Newsdesk
JD.com reported Q1 adjusted EPS of $0.78, beating the $0.64 estimate, and sales of $36.00B, surpassing the $35.62B estimate. This represents a 13.04% increase in EPS and a 1.76% increase in sales compared to the same period last year.
May 16, 2024 | 10:01 am
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JD.com reported strong Q1 earnings, with EPS of $0.78 beating estimates by 21.88% and sales of $36.00B exceeding expectations. This positive performance indicates robust growth and could lead to a short-term increase in stock price.
The significant beat on both EPS and sales estimates, along with year-over-year growth, suggests strong operational performance. This is likely to positively impact investor sentiment and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100