JD.com Q2: Retail and Logistics Gains As Price Cuts Pay Off, Margin Boost, Cash Flow Growth
Portfolio Pulse from Anusuya Lahiri
JD.com (NASDAQ: JD) reported Q2 2024 revenue growth of 1.2% YoY to $40.098 billion, beating analyst estimates. Adjusted net income per ADS was $1.29, surpassing the $0.83 estimate. The stock price rose 4.17% in premarket trading. JD Retail and Logistics segments showed gains, while new business revenues fell. Operating margin improved to 3.6%, and free cash flow was $6.82 billion.
August 15, 2024 | 11:59 am
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JD.com reported better-than-expected Q2 2024 earnings with revenue growth of 1.2% YoY and adjusted net income per ADS of $1.29, beating the $0.83 estimate. The stock price increased by 4.17% in premarket trading.
JD.com’s Q2 2024 earnings report showed strong financial performance, beating both revenue and net income estimates. The positive results and improved margins led to a 4.17% increase in the stock price in premarket trading, indicating a likely short-term positive impact on the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100