Investing.com - Jd.Com Inc Adr reported second quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $2.3 on revenue of $150.28B. Analysts polled by Investing.com forecast EPS of $0.46 on revenue of $147.56B. That compared to EPS of $0.33 on revenue of $122.29B in the same period a year earlier. The company had reported EPS of $2.23 on revenue of $121.08B in the previous quarter.
Jd.Com Inc Adr shares gained 13.00% to trade at $30.69 in intra-day trade following the report.
For the year, Jd.Com Inc Adr shares are up 46.63%, outperforming the Nasdaq which is up 23.23% year to date.
Jd.Com Inc Adr follows other major Services sector earnings this month
On Thursday, July 25, 2019, Amazon.com reported second quarter EPS of $5.22 on revenue of $63.4B, compared to forecasts of EPS of $5.56 on revenue of $62.52B.
Visa A earnings beat analyst's expectations on Tuesday, July 23, 2019, with third quarter EPS of $1.37 on revenue of $5.84B. Investing.com analysts expected EPS of $1.32 on revenue of $5.7B
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