Morning News Leader: JD.com (JD) Posts Huge Earnings Beat
JD.com, Inc. (JD) is up 7.6% Tuesday morning. The Chinese e-commerce company reported better than expected second-quarter numbers ahed of the opening bell. JD posted a big earnings beat of 33 cents per share versus the consensus 6 cents. Revenue of $21.9 billion also beat estimates of $20.89 billion.
JD.com, Inc. (JD) is an e-commerce company in China.
NetEase, Inc. (NTES) and Apple Inc. (AAPL) top the list of other companies with positive news today, while Exxon Mobil Corporation (XOM) and Covetrus, Inc. (CVET) top the list of companies with negative news.
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About JD.com Inc.
JD.com is China's second-largest e-commerce company after Alibaba in terms of transaction volume, offering a wide selection of authentic products at competitive prices, with speedy and reliable delivery. The company has built its own nationwide fulfilment infrastructure and last-mile delivery network, staffed by its own employees, which supports both its online direct sales and its online marketplace businesses. JD.com launched its online marketplace business in 2010.