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
Important takeaways from Conagra Brands’ Q3 2025 report
Conagra Brands, Inc. (NYSE: CAG) has reported weaker-than-expected revenue and profit for the February quarter, with sales declining across all business segments amid softer demand and persistent supply challenges. The
Main takeaways from Lamb Weston’s (LW) Q3 2025 earnings report
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) jumped 9% on Thursday after the company delivered better-than-expected results for the third quarter of 2025 and reaffirmed its outlook for the
Summary: Tesla (TSLA) reports Q1 2025 production, deliveries
Tesla Inc. (NASDAQ: TSLA) has announced results of vehicle production and deliveries for the first quarter of 2025. The company also provided data on the deployment of energy storage products
