JD.com Inc. (NASDAQ: JD), a leading e-commerce firm based in China, reported a sharp increase in adjusted net income for the third quarter of 2024, aided by an increase in revenues.
On an adjusted basis, third-quarter earnings jumped 30% year-over-year to $1.24 per ADS. On an unadjusted basis, the net profit was $1.7 billion or $1.10 per ADS in Q3, up 48% and 55% respectively from the prior-year period.
At $37.1 billion, third-quarter revenues were up 5% from the corresponding period of 2023. Net Product Revenue and Net Service Revenue increased by 5% and 7% respectively.
Ian Su Shan, CFO of JD.com, said, “As we continued to build up supply chain capabilities to drive better scale benefits and operating efficiency, both our gross margin and non-GAAP net margin achieved healthy improvement year-on-year in the quarter.“
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
CCL Earnings: Highlights of Carnival Corporation’s Q4 2025 results
Cruise operator Carnival Corporation & plc (NYSE: CCL) on Friday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. Earnings topped analysts' expectations. Revenues
Lamb Weston (LW) Q2 2026 Earnings: Key financials and quarterly highlights
Lamb Weston Holdings, Inc. (NYSE: LW) reported its second quarter 2026 earnings results today. Net sales inched up 1% year-over-year to $1.62 billion. Net sales at constant currency remained flat.
Paychex reports higher Q2 FY26 revenue and earnings; EPS beats estimates
Paychex Inc. (NASDAQ: PAYX) on Friday reported stronger-than-expected adjusted earnings for the second quarter of fiscal 2026. Revenues grew 18% year-over-year. The Rochester-based human capital management solutions provider reported revenues
