Categories AlphaGraphs, Earnings, Technology
JD Earnings: A snapshot of JD.Com’s Q2 2023 financial results
JD.com Inc. (NASDAQ: JD) on Wednesday reported higher revenues and adjusted earnings for the second quarter of 20323. The customer base of the China-based e-commerce firm continued to increase.
Adjusted profit climbed 33% annually to $0.74 per ADS in the second quarter. On an unadjusted basis, the net profit was $907 million or $0.57 per ADS, which is up more than 50% from the prior-year period.
At $39.7 billion, second-quarter revenues were up 8% from the corresponding period of 2022. At the end of the quarter, JD.com had around 600 million active customer accounts.
“We are also encouraged to see the number of our marketplace merchants more than doubled and reached a new record during the quarter, reflecting our efforts to build a superior marketplace ecosystem, one of our priorities to provide customers with enriched supplies at better prices,” said Lei Xu, CEO of JD.com.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Key highlights from McCormick & Company’s (MKC) Q3 2023 earnings results
McCormick & Company, Incorporated (NYSE: MKC) reported third quarter 2023 earnings results today. Net sales increased 6% year-over-year to $1.68 billion, but narrowly missed estimates of $1.70 billion. Net income
Carnival Corporation (CCL): A couple of factors that work in favour of this cruise ship operator
Shares of Carnival Corporation & plc (NYSE: CCL) were down on Monday. The stock has gained 69% year-to-date. The company delivered strong results for the third quarter of 2023 and although
Earnings Preview: PepsiCo (PEP) likely to deliver another strong quarter
Over the years, brand loyalty and diversification of the portfolio have played a key role in the continued success of PepsiCo, Inc. (NASDAQ: PEP) The soft drink giant is now
