Why JD.com Stock Fell 21% This Week
Shares of JD.com (NASDAQ: JD), China's second-largest online retailer, plummeted this week after the company reported its fourth-quarter results and as investors processed news about some China-based companies potentially being delisted from U.S. stock exchanges.
The tech stock is down by 21% since last week, according to data provided by S&P Global Market Intelligence.
JD.com reported non-GAAP (adjusted) earnings of $0.35 per share, which easily outpaced Wall Street's consensus estimate of $0.24 per share. Additionally, the company's fourth-quarter sales of $43.3 billion were on par with analysts' consensus estimate.
Source Fool.com
