JD.com, Alibaba Rival, Turns Profit On Strong Growth

By | March 3, 2015

Scalper1 News

Chinese e-commerce giant JD.com (JD) on Tuesday morning unexpectedly turned profitable in the fourth quarter on better-than-expected revenue growth. 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 $5.6 billion vs. Wall Street forecasts of $5.3 billion. That was a 73% Scalper1 News

Scalper1 News