Categories AlphaGraphs, Earnings, Retail
JD Earnings: JD.Com reports higher revenues and profit for Q3 2023
JD.com Inc. (NASDAQ: JD), a leading e-commerce firm in China, on Wednesday reported higher revenues and adjusted earnings for the third quarter of 2023.
Adjusted profit moved up 7% annually to $0.92 per ADS in the third quarter. On an unadjusted basis, the net profit was $1.1 billion or $0.69 per ADS, which is up 33% and 40% respectively from the prior-year period.
At $34.0 billion, third-quarter revenues were up 2% from the corresponding period of 2022. A decrease in the core Net Product revenue was more than offset by an increase in Net Service revenues.
“We continue to be encouraged by the progress we are making, as evidenced by further expanded merchant base and improved user shopping behavior. With our clear strategy to deliver value for users and business partners and a value proposition that is optimized for the future, I am confident that JD.com is well-positioned for long-term sustainable growth,” said Sandy Xu, CEO of JD.com.
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
CVX Earnings: Chevron reports lower revenue and profit for Q1 2024
Energy exploration company Chevron Corporation (NYSE: CVX) announced first-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation was $5.50 billion or
ABBV Earnings: AbbVie reports lower adj. profit for Q1 2024; revenue edges up
Specialty biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) Friday announced first-quarter 2024 financial results, reporting a decline in adjusted earnings and a modest rise in revenues. The company reported worldwide net
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q1 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported first quarter 2024 earnings results today. Net sales increased 6.2% year-over-year to $5.06 billion. Organic sales increased 9.8%. Net income attributable to Colgate-Palmolive Company was