5 Notable Earnings Reports You Don’t Want to Miss

1. JD.com, Inc. (NASDAQ: JD)

Number of Hedge Fund Holders: 76

JD.com, Inc. (NASDAQ: JD) recently came into the limelight after announcing better-than-expected profit and sales for the second quarter. The Chinese e-commerce giant reported adjusted earnings of 2.90 per share for the three months ended June 30, above the consensus forecast of 2.60 yuan per share. However, it was down from adjusted earnings of 3.51 yuan per share the company posted in the year-ago quarter.

Revenue for the quarter jumped 26.2 percent to 253.80 billion yuan, ahead of the consensus forecast of 248.28 billion yuan. If we look at the performance of key segments, product revenue rose 23.3 percent, while service revenue climbed 49.2 percent in the quarter. Moreover, annual active customer accounts increased 27.4 percent to 531.9 million during the 12 months ended June 30.

Discussing the results, CFO Sandy Xu said in a statement:

“We are pleased to deliver another quarter of healthy growth even compared to last year’s high base. Our consistent execution and successful 618 Grand Promotion helped us to add over 32 million new users in Q2, the largest single quarter increase in JD.com’s history. We are also encouraged by the continued diversification of our revenue streams, reflecting our open ecosystem strategy of empowering customers and business partners through JD.com’s supply chain-based technology and infrastructure.”

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