RTH - Why Is JD.com Stock Shooting Upwards Wednesday? | Benzinga
JD.com, Inc (NASDAQ: JD) reported fourth-quarter fiscal 2023 revenue growth of 3.6% year-on-year to $43.1 billion, beating the consensus of $42.2 billion.
The Alibaba Group Holding Limited (NYSE:BABA) rival’s adjusted net income per ADS of $0.75 beat the consensus of $0.63. The stock price climbed after the results.
JD Segment Performance: JD.com’s net product revenue climbed by 3.7% Y/Y to $34.7 billion. Net service revenues rose 3.0% Y/Y to $8.4 billion. JD Retail revenue climbed 3.4% Y/Y to $37.7 billion.
Margin: Adjusted operating margin ...