Scalper1 News
JD.com ( JD ), one of China four biggest Internet companies, early Monday is expected to post a 48% jump in Q1 revenue, despite the slowing economy in its home nation. JD, China’s largest online direct sales company, similar to Amazon.com ( AMZN ), is expected to report revenue of $8.36 billion, up 48% in local currency vs. Q1 2015. Its revenue has grown at double- or triple-digit rates for more than 17 quarters. On the bottom line, analysts expect a 2-cent per-shere loss, minus items, the same as in the year-earlier quarter. JD stock has been on a roller coaster ride since hitting an all-time high of 38 almost a year ago. It hit an all-time low of 22.55 in August. JD.com stock closed Friday at 25.20, up 1.4%. JD reported better than expected Q4 earnings on March 1, and its Q1 outlook then topped Wall Street expectations. The company offers a wide range of electronics, apparel, home appliances, food and beverages and other general merchandise. JD’s earnings follow that of China e-commerce giant Alibaba ( BABA ) on Thursday. Alibaba, for its fiscal fourth quarter , reported revenue of $3.75 billion, beating the Wall Street consensus of $3.58 billion. Sales rose 39% in local currency, the company’s highest growth rate in the past four quarters. Earnings per share minus items rose 88% to 33 cents, but that was far below the consensus of 55 cents. Scalper1 News
Scalper1 News