Is JD.com Stock a Buy?
JD.com (NASDAQ: JD), the largest direct retailer in China, recently posted first-quarter numbers that beat analysts' expectations. Its revenue rose 39% year-over-year to 203.2 billion yuan ($31 billion), beating estimates by $1 billion and accelerating from both the previous and prior-year quarters.
Its net income more than tripled to 3.6 billion yuan ($560 million). On a non-GAAP basis, its net income increased 33% to 4.0 billion yuan ($$620 million), or $0.38 per ADS -- which beat estimates by three cents. Its adjusted EBITDA grew 9% to 4.9 billion yuan ($760 million).
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Source Fool.com
