Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why JD.com Stock Was Falling Today

TheMotleyFool

0 0

Shares of JD.com (NASDAQ: JD) were moving backwards today. The Chinese e-commerce company recently posted solid third-quarter results, but they weren't enough to please investors. Results on the top line were just short of consensus expectations, and the stock was trading down 7% as of 2:22 p.m. EST.

Revenue at JD.com, which is China's biggest direct online seller, rose 29.2% to $25.66 billion, just a hair short of estimates $25.7 billion. Growth in general merchandise, which includes segments like groceries, was strong, rising 34.8% to $8.6 billion and revenue from services like third-party logistics and its marketplace was up 42.7% to $3.4 billion.

Image source: JD.com.

Source Fool.com

Like: 0

Share