Saturday, June 25, 2022

Highlights from Financial Report for JD Stock

JD.com Inc. (NASDAQ: JD), a Chinese e-commerce expert, released its first-quarter results. The company’s growth slowed slightly, but it was still in the double digits. JD stock was trading at $53.67 on May 17.


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JD.com exceeded analysts’ profit and sales projections in the first quarter. Sales increased 18 percent year over year to $37.8 billion, the company’s weakest growth since its IPO, but still exceeding Wall Street’s projections.

It’s worth noting that JD.com’s e-commerce growth has slowed for the second quarter in a row. For example, it was just 21% year over year in the fourth quarter. The major causes of the decline, according to management, were weak consumer demand and tough competition.

JD.com posted non-GAAP earnings of $0.4 per share, much above the $0.24 per share average forecast of analysts.

Stable supply chains and technology-driven high performance have been the major drivers of JD.com’s success.

Investors reacted positively to JD.com’s quarterly report, although they remain wary owing to China’s prolonged coronavirus restrictions. For COVID-19, the nation has instituted a rigorous zero-tolerance policy, which includes city-wide lockdowns.

Retail sales in China fell 11% in April as a result of the restrictions. Because investors are more inclined to Chinese firms’ shares, we should expect some rebounds from inactivity in the next weeks.

It is critical that JD.com maintains its diversification strategy. Despite the fact that logistics services are still unprofitable, they currently account for at least 11% of the company’s income. This area of JD.com’s business is quickly expanding.

In the last month, the JD stock has lost -6.66 percent, -29.50 percent in the last three months, and -36.58 percent in the last six months. JD had price volatility of 7.17 percent in the previous week and 6.13 percent in the previous month.

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