Categories AlphaGraphs, Consumer, Earnings
JD Earnings: Everything you need to know about JD.Com’s Q4 2023 results
JD.com Inc. (NASDAQ: JD), a leading e-commerce firm in China, on Wednesday reported higher revenues and adjusted earnings for the fourth quarter of 2023.
Adjusted profit moved up 10% annually to $0.75 per ADS in the fourth quarter. On an unadjusted basis, the net profit was $477 million or $0.30 per ADS in Q4, which is up 12% from the prior-year period.
At $43.1 billion, fourth-quarter revenues were up 4% from the corresponding period of 2022. Both Net Product revenues and Net Service revenues increased during the three months.
Ian Su Shan, CFO of JD.com, said, “Our core home appliance and electronics categories continued
to outperform the industry, and general merchandise category returned to a growth trajectory in the quarter. Reflecting our strong profitability and balance sheet, we remain committed to returning value to shareholders in the form of an annual cash dividend, as well as through our share repurchase program.”
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Broadcom (AVGO) reports higher Q3 revenue and profit; results beat estimates
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) reported higher revenues and adjusted earnings for the third quarter of 2024 amid continued strong demand. The Q3 numbers also topped expectations. Earnings, excluding
Key takeaways from Hewlett Packard’s (HPE) Q3 2024 earnings report
Hewlett Packard Enterprise (NYSE: HPE) has delivered stronger-than-expected third-quarter results amid significant conversion in AI system revenues. The prospects for the company's AI server and edge computing businesses look promising
Hormel Foods (HRL): Factors that put a damper on the food company’s Q3 performance
Shares of Hormel Foods Corporation (NYSE: HRL) were up over 2% on Thursday. The stock is recovering from a fall it took a day ago after the company delivered mixed
