JD.com Posts Another Quarter of Accelerating Sales Growth
JD.com (NASDAQ: JD) recently posted third-quarter numbers that beat analysts' expectations by a wide margin. The Chinese e-commerce giant's revenue grew 29% annually to 134.8 billion yuan ($18.9 billion), clearing estimates by $580 million and marking its second straight quarter of accelerating growth.
Its non-GAAP net income rose 161% to 3.09 billion yuan ($432 million), or $0.29 per ADS, beating estimates by $0.12. On a GAAP basis, which includes charges from investments and divestments, stock-based compensation, and other one-time charges, its net income fell 80% to 612 million yuan ($86 million).
JD's stock initially rallied after the report on Nov. 15, but it gave up those gains by the end of the day. Yet some investors still seem bullish on the stock, which has rebounded about 60% this year after being cut in half in 2018. Let's examine the key numbers to see if JD's stock deserves to go higher.
Source Fool.com
