Why JD.com Stock Is Rising Today
Shares of Chinese e-commerce company JD.com (NASDAQ: JD) were up today after the company reported better-than-expected first-quarter results. Investors were happy that JD.com beat analysts' consensus top- and bottom-line estimates.
The tech stock was up by 2.7% at 11:26 a.m. ET.
The company reported non-GAAP (adjusted) earnings per share of $0.40 in the quarter, which was far better than Wall Street's average estimate of $0.24 per share.
Source Fool.com
