1 Must-See Quote From JD.com's Earnings Report
JD.com (NASDAQ: JD) is back on track.
The Chinese e-commerce giant posted strong growth in the third quarter, with revenue up 28.7% to $18.9 billion, easily beating analysts' consensus estimate of $18.13 billion. Even better, profit margins ramped up as the company's revenue from logistics nearly doubled in the period. It continues to benefit its earlier investments in infrastructure to grow its higher-margin services business.
Adjusted operating income of $416 million for the quarter was more than four and a half times the result from a year prior as the company leveraged fulfillment, marketing, and technology expenses. Adjusted earnings per share jumped from $0.12 to $0.29, well ahead of the consensus expectation of $0.17 per share.
Source Fool.com
