JD.com reported its fourth-quarter earnings that exceeded analysts’ expectations, even amid slower sales growth.
The Chinese e-commerce company’s adjusted earnings per ADR came in at 2.21 yuan (35 cents) , well above 28 cents expected by analysts polled by FactSet. Earnings were also higher compared to the year-ago quarter’s 1.49 yuan.
Net revenue in the quarter grew +23% year-over-year to 275.9 billion yuan ($43.3 billion), compared to analyst’ forecast of $43.5 billion.
According to the company, annual active customer accounts in 2021 climbed nearly +21% to 569.7 million, but fell short of the Street forecasts.