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JD.com Smashes Q1 Earnings Forecast, Renews Platform Agreement with Tencent
JD.com posted stronger-than-expected first quarter earnings Friday as the China-focused online retailer backed by Walmart and Alphabet renewed an agreement with Tencent Holdings and booked solid e-commerce sales growth.
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JD said revenues for the three months ending in March rose 20.9% from the same period last year to 121.1 billion Chinese yuan ($18 billion), topping the consensus forecast of 120.1 billion yuan compiled by Refinitiv. The gains brought earnings to 4.96 yuan per share, or 33 cents per U.S. listed share, the company said, well ahead of the Street consensus forecast of 12 cents per share.
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https://www.thestreet.com/investing/earn...yptr=yahoo
![[Bild: JDc1dl1750.png]](https://finviz.com/publish/051019/JDc1dl1750.png)
JD.com posted stronger-than-expected first quarter earnings Friday as the China-focused online retailer backed by Walmart and Alphabet renewed an agreement with Tencent Holdings and booked solid e-commerce sales growth.
...
JD said revenues for the three months ending in March rose 20.9% from the same period last year to 121.1 billion Chinese yuan ($18 billion), topping the consensus forecast of 120.1 billion yuan compiled by Refinitiv. The gains brought earnings to 4.96 yuan per share, or 33 cents per U.S. listed share, the company said, well ahead of the Street consensus forecast of 12 cents per share.
...
https://www.thestreet.com/investing/earn...yptr=yahoo
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