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
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%