Categories AlphaGraphs, Earnings, Retail

JD.com’s stock jumps 11% on Q4 revenue beat

JD.com Inc. (JD) reported better-than-expected revenue for the fourth quarter of 2018, sending shares soaring by 11.2% during premarket hours on Thursday.

Net revenues totaled RMB134.8 billion ($19.6 billion), up 22.4% from last year. Net product revenues grew by 20.1% while net service revenues rose by 45.7% year-over-year.

JD.com fourth quarter 2018 earnings infographic
JD.com Q4 2018 Earnings Infographic

GAAP net loss from continuing operations attributable to ordinary shareholders was RMB4.8 billion ($0.7 billion) compared to RMB0.9 billion in the prior-year period. Adjusted net income from continuing operations attributable to ordinary shareholders amounted to RMB749.9 million ($109.1 million) compared to RMB449.3 million last year.

GAAP net loss per ADS from continuing operations was RMB3.32 ($0.48) versus RMB0.64 last year. Adjusted net income per ADS from continuing operations was RMB0.51 ($0.07) compared to RMB0.31 last year.

Annual active customer accounts increased to 305.3 million during the year ended December 31, 2018 from 292.5 million in the comparable period last year. Quarterly active customer accounts in the fourth quarter rose 20% compared to the same period last year.

As of the end of the fourth quarter, JD.com’s joint venture, Dada-JD Daojia, had partnered with more than 100,000 stores from top supermarket brands including Walmart and Carrefour. JD.com had over 210,000 merchants on its online marketplace as of December 31, 2018.

Net revenues for the first quarter of 2019 are expected to grow 18-22% year-over-year to between RMB118 billion and RMB122 billion.

 

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

Does Unity Software (U) stock has more room to run?

Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a

PepsiCo (PEP): Steady snacking habits amid pandemic drive strong quarter for beverage giant

PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the

Does the virus-driven boom make Electronic Arts (EA) a good investment?

With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,

3 thoughts on “JD.com’s stock jumps 11% on Q4 revenue beat

Leave a Reply

Your email address will not be published. Required fields are marked *

Add Comment
Loading...

Cancel
Viewing Highlight
Loading...
Highlight
Close
Top