JD.com Beats Estimates With Quarterly Profit, Revenue Gains

By / / Finance / 1 minute of reading


Chinese e-commerce giant JD.com beat analyst estimates for quarterly profit and revenue, helped by a better performance in its main business lines and cost controls.

The Beijing-based company said Wednesday that net profit in the third quarter rose 33% from a year earlier to 7.94 billion yuan ($1.09 billion). That beat a median estimate for CNY6.94 billion in a FactSet poll of analysts.

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Avatar of Debra Byrd
Debra Byrd is a sportswriter and educator with a passion for technology. She writes about sports, education, and tech for In Happier News, and she's always looking for new ways to improve the student experience. She spends her free time writing, playing sports, and reading about the latest tech trends. She also loves traveling—especially when it involves visiting a new city or country with her husband, who is also a writer!

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