Why JD.com Stock Rose 14% Today
Shares of JD.com (NASDAQ: JD) rose sharply on Tuesday. The Chinese e-commerce giant reported strong second-quarter results before the opening bell, and the stock continued to soar when the Trump administration hit "pause" on some of its planned tariffs for goods imported from China.
Second-quarter revenue landed at $21.9 billion, 18% above the dollar-based sales seen in the year-ago period. Adjusted earnings came in at $0.33 per diluted American depositary share, 560% above the result seen in the second quarter of 2018. Your average Wall Street analyst would have settled for earnings near $0.07 per ADS on roughly $20.9 billion of top-line sales.
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Source Fool.com
