JD.com Earnings Breakout Flops, Alibaba Hits New Low

By | March 3, 2015

Scalper1 News

Chinese e-commerce giant JD.com (JD) on Tuesday unexpectedly reported a fourth-quarter profit and better-than-expected revenue growth. But its morning breakout ended badly while shares of its larger rival hit a record low. JD.com, which came public last year, reported adjusted earnings per share of 1 cent, beating forecasts for a 2-cent loss and reversing a year-earlier 1-cent loss. The company report a GAAP loss of 5 cents a share. Revenue was Scalper1 News

Scalper1 News