Why JD.com Shares Are Rising Today

JD.com Inc. JD shares traded higher Tuesday after the company reported better-than-expected financial results.

JD said its first quarter revenue grew 18% year over year to RMB 239.7 billion ($37.8 billion), surpassing the estimate of $34.82 billion, according to data from Benzinga Pro. The company reported adjusted quarterly earnings of 40 cents per share, which beat its estimate of 24 cents per share.

JD said annual active customer accounts are up 16.2% year over year to 580.5 million.

“JD.com’s robust supply chain capabilities and technology-driven operational efficiencies supported our solid performance during the quarter as we continued to deliver healthy growth in a challenging external environment,” said Lei Xu, CEO of JD.com.

See also: 24 stocks in motion during Tuesday’s pre-market session

JD is a supply chain based technology and service provider in China.

JD Price Action: $41.56 – $92.69

The stock rose 9.1% to $56.22 at press time.

Photo: Courtesy of JD.com.

This post Why JD.com Shares Are Rising Today was original published at “https://www.benzinga.com/news/earnings/22/05/27249069/why-jd-com-stock-is-rising-today”

Leave a Reply

Your email address will not be published.