Abhoy Sarkar's Avatar
published in Blogs
Mar 13, 2022
JD.com (JD, $47.99) beats Q4 earnings expectations

JD.com (JD, $47.99) beats Q4 earnings expectations

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.

 

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Related Portfolios: E-COMMERCE SECTOR,CHINA COMPANIES