Categories AlphaGraphs, Earnings, Retail

JD.com beats Q3 earnings estimates; misses on revenue

JD.com Inc. (JD) beat analysts’ expectations on earnings for the third quarter of 2018 but revenue came in shy of estimates. The consensus estimate was for adjusted EPS of $0.08 on revenue of $15.6 billion. The stock was down 3.6% during pre-market hours on Monday.

JD.com third quarter 2018 Earnings Infographic
JD.com Q3 2018 Earnings Infographic

Net revenues grew 25.1% to 104.8 billion yuan ($15.3 billion) from the same period last year. Net product revenues grew 22.8% while net service revenues rose 49.4% year-over-year.

On a GAAP basis, net income from continuing operations attributable to ordinary shareholders was 3 billion yuan ($0.4 billion) compared to 1 billion yuan last year. Adjusted net income was 1.2 billion yuan ($0.2 billion) compared to 2.2 billion yuan last year.

GAAP diluted earnings per American depositary share were 2.03 yuan ($0.30) versus 0.69 yuan last year. Adjusted earnings per ADS were 0.80 yuan ($0.12) versus 1.52 yuan last year.

During the quarter, annual active customer accounts increased to 305.2 million from 266.3 million last year. The company saw an increase in expenses due to investments in various aspects of the business such as technology infrastructure.

For the fourth quarter of 2018, net revenues are expected to grow 18-23% to a range of 130 billion yuan to 135 billion yuan versus the same period last year.

Earnings Preview: Diversified growth key to JD.com in third quarter

During the third quarter, JD.com partnered with fashion giant Ruyi to provide technology and infrastructure solutions covering smart logistics, inventory management and marketing.

In August, the company’s JV Dada-JD Daojia completed a new $500 million financing round with investments from Walmart and JD. Dada-JD Daojia has partnered with several supermarkets and grocery stores including Walmart and Carrefour to provide a seamless online grocery shopping experience with one-hour home delivery service.

JD.com’s competitor Alibaba (BABA) reported second-quarter 2019 results earlier this month in which the company topped earnings estimates but missed the mark on revenue.

 

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

Most Popular

Microsoft (MSFT) reports higher revenue and profit for Q3 2024

Microsoft Corp. (NASDAQ: MSFT) on Thursday said its third-quarter 2024 earnings increased year-over-year, reflecting strong performance by the tech giant’s main operating segments. Third-quarter revenues came in at $61.86 billion,

GOOG, GOOGL Earnings: All you need to know about Alphabet’s Q1 2024 earnings results

Alphabet Inc. (NASDAQ: GOOG, GOOGL) reported its first quarter 2024 earnings results today. Revenues increased 15% year-over-year to $80.5 billion. Revenue growth was 16% in constant currency. Net income was

MRK Earnings: Merck Q1 2024 profit jumps on 9% revenue growth

Pharmaceutical company Merck & Co. Inc. (NYSE: MRK) reported a sharp increase in adjusted earnings for the first quarter of 2024, aided by an increase in revenues. First-quarter worldwide sales

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top