JD.com Announces First Quarter 2022 Results
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May 18, 2022 6:20 AM EDT
Benchmark analyst Fawn Jiang lowered the price target on JD.com, Inc (NASDAQ: JD) to Street High $106.00 (from $117.00) while maintaining a Buy rating.
The analyst comments "JD delivered solid 1Q results with robust bottom-line beat but guided 2Q growth below expectations, attributable to COVID... More
May 17, 2022 6:33 AM EDT
(Updated - May 17, 2022 6:34 AM EDT)
JD.com (NASDAQ: JD) reported Q1 EPS of $0.40, $0.16 better than the analyst estimate of $0.24. Revenue for the quarter came in at $37.8 billion, versus $34.8 billion consensus.
Net revenues for the first quarter of 2022 were RMB239.7 billion (US$137.8 billion), an increase of 18.0% from the first quarter of 2021. Net service revenues for the first quarter of 2022 were RMB35.2 billion (US$5.6 billion), an increase of 26.3% from the first quarter of 2021.Income from operations for the...
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