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JD.com Swings To Profit In Q4; Revenue Up 7.1%

RTTNews | 656 days ago

JD.com Swings To Profit In Q4; Revenue Up 7.1%

(RTTNews) - e-commerce company JD.com, Inc. (JD) reported Thursday a net income attributable to ordinary shareholders for the fourth quarter of RMB3.03 billion or $441 million, compared to a net loss of RMB5.17 billion in the year-ago quarter. Net income per ADS was RMB1.91 or $0.28, compared to a net loss per ADS of RMB3.33 last year.

Excluding items, adjusted net income per ADS was RMB4.81 or $0.70, compared to RMB2.241 in the prior-year quarter.

JD.com reported net revenues of RMB295.45 billion or $42.84 billion, an increase of 7.1 percent from the same quarter last year. Net product revenues increased by 1.2% and net service revenues grew 40.3% from last year.

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JD.com Stock Slips As Walmart Confirms Entire Stake Sale

JD.com Stock Slips As Walmart Confirms Entire Stake Sale

Shares of JD.com Inc. traded down around 8 percent on the Hong Kong exchange and were losing more than 8 percent in the early morning trading on the Nasdaq after retail giant Walmart Inc. announced the sale of its entire stake in the Chinese e-commerce firm. Walmart expects the sale to help focus on its strong China operations for Walmart China and Sam's Club, and deploy capital towards other prio

RTTNews | 125 days ago

JD.com Q1 Profit Rises 13.9%; Revenue Up 7%

JD.com Q1 Profit Rises 13.9%; Revenue Up 7%

e-commerce company JD.com, Inc. (JD) reported Thursday a net income attributable to ordinary shareholders for the first quarter of RMB7.13 billion or $987 million, compared to RMB6.26 billion in the year-ago quarter. Net income per ADS was RMB4.53 or $0.63, up 15.3 percent from RMB3.93 last year.

RTTNews | 222 days ago

JD.com Q2 Net Profit Soars; Revenue Up 5.4%

JD.com Q2 Net Profit Soars; Revenue Up 5.4%

e-commerce company JD.com, Inc. (JD) reported Tuesday that net income attributable to ordinary shareholders for the second quarter was RMB4.38 billion or $0.65 billion, compared to RMB0.79 billion in the year-ago quarter. Net income per ADS was RMB2.74 or $0.41, compared to RMB0.50 last year.

RTTNews | 854 days ago

Japan Leading Index Data Due On Wednesday

Japan Leading Index Data Due On Wednesday

Japan will on Wednesday see October results for its leading and coincident indexes, highlighting a light day for Asia-Pacific economic activity.

RTTNews | 6h 59min ago

TSX Ends Shortened Session On Firm Note

TSX Ends Shortened Session On Firm Note

The Canadian market ended the shortened trading session on Tuesday modestly higher thanks to gains in energy and technology sectors. The volume of business remained rather thin as investors refrained from making significant moves ahead of Christmas and Boxing Day holidays.

RTTNews | 11h 17min ago

Swiss Franc Weakens Against Most Majors

Swiss Franc Weakens Against Most Majors

The Swiss franc declined against its most major counterparts in the New York session on Tuesday.

RTTNews | 12h 51min ago

Pound Climbs Against Majors

Pound Climbs Against Majors

The pound rose against its major counterparts in the New York session on Tuesday.

RTTNews | 13h 38min ago

European Stocks Close Higher On Thin Volumes Ahead Of Christmas Holidays

European Stocks Close Higher On Thin Volumes Ahead Of Christmas Holidays

European stocks posted marginal gains in the shortened trading session on Tuesday, with investors mostly staying away on the sidelines ahead of Christmas holidays. Some major markets in the region remained shut for Christmas Eve.

RTTNews | 15h 14min ago

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