JD.com Inc’s American Depositary Receipts (ADR) earnings for the most recent quarter surpassed analyst estimates, driven by stronger-than-expected revenue growth.
The company’s adjusted earnings per ADR came in at ¥0.66, beating the consensus forecast of ¥0.00, according to data compiled by Reuters. Revenue totaled ¥267.6 billion, exceeding the market estimate of ¥265.1 billion.
JD.com, one of China’s largest online retailers, has faced macroeconomic headwinds in recent quarters, including softer consumer demand and regulatory scrutiny. Despite these challenges, the company maintained profitability, with net income rising 12% year-over-year to ¥3.2 billion.
The earnings beat follows a period of cost optimization and operational efficiency improvements, which management highlighted as key drivers of the outperformance. Gross merchandise volume (GMV) grew 6.5% year-over-year, reflecting resilience in its core e-commerce business.
Analysts attributed the revenue beat to robust demand in JD’s higher-margin segments, including electronics and home appliances, as well as growth in its logistics and new business initiatives.
Shares of JD.com ADRs were largely flat in pre-market trading, suggesting the market had already priced in the positive results. The company reaffirmed its full-year guidance, citing expectations for stable growth amid ongoing economic uncertainty in China.
