JD.com (JD) Posts Q1 Loss of RMB0.15/ADS
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Brean Capital Raises PT on JD.com (JD) following 1Q
May 11, 2015 6:57 AM EDTBrean Capital reiterates their Buy rating for JD.com, Inc (NASDAQ: JD), and raised the price target to $37.00 (from $35.00), believing that JD is in a good position to capture growth in China. JD reported 1Q15 revenue of $36.6bn, above consensus estimates of $35.7bn. However, their adjusted EPS came in at RMB -0.15 (or -$0.02), below expectations of RMB -0.02. The company provided 2Q revenue guidance in the range of RMB... More
