JD.com Q2 Net Profit Soars; Revenue Up 5.4%
(RTTNews) - 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.
Excluding items, adjusted net income per ADS was RMB4.06 or $0.61, compared to RMB2.90 in the prior-year quarter.
JD.com reported net revenues of RMB267.60 billion or $39.95 billion, an increase of 5.4% from the same quarter last year. Net product revenues increased 2.9% and net service revenues grew 21.9% from last year.
Annual active customer accounts rose by 9.2% to 580.8 million from 531.9 million a year ago.
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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
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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.
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JD.com Swings To Profit In Q4; Revenue Up 7.1%
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.
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Yen Slides Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Wednesday.
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Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Wednesday.
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Canadian Dollar Rises As Crude Oil Prices Traded Higher
The Canadian dollar strengthened against other major currencies in the Asian session on Wednesday, as the crude oil prices moved higher on expectations the Chinese government will announce additional stimulus revive growth in the world's second largest economy.
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Canadian Dollar Rises Against Majors
The Canadian dollar strengthened against other major currencies in the Asian session on Wednesday.
The Canadian dollar rose to more than a 4-1/2-month high of 0.8943 against the Australian dollar, from yesterday's closing value of 0.8955.
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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.
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