Why JD.com Stock Jumped Today
Shares of JD.com (NASDAQ: JD) soared on Tuesday after the Chinese e-commerce leader's second-quarter financial results surpassed investors' expectations.
As of 2:33 p.m. EDT, JD.com's stock price was up more than 14%.
JD.com's revenue surged 26.2% year over year to 253.8 billion yuan ($39.3 billion), besting analysts' estimates of 248.3 billion yuan. The increase was fueled by strong sales during its 618 Grand Promotion, a nationwide shopping festival that helped JD.com gain 32 million new users in the second quarter.
Source Fool.com
