Is It Too Late to Buy JD.com Stock?
JD.com (NASDAQ: JD) posted its second-quarter earnings report on Aug. 16. The Chinese e-commerce giant's revenue rose 8% year over year to 287.9 billion yuan ($39.7 billion) and exceeded analysts' expectations by $1.2 billion. Its adjusted net income grew 32% to 8.6 billion yuan ($1.2 billion), or $0.74 per American depositary receipt (ADR), which also cleared the consensus forecast by $0.06.
Those headline numbers looked healthy, but JD's stock dipped after the report and remains down about 40% for the year. Is it too late to bet on its long-term recovery in this turbulent market?
Image source: JD.com.
Source Fool.com
