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JD Stock: China Online Giant Reports Fourth Quarter Earnings Investor's Business Daily

March 10, 2022
Source: investors.com investors.com
News Snapshot:
China e-commerce giant JD.com ( JD ) reports fourth-quarter results Thursday, coming at a time when China stocks have been beaten down due to regulations, continued pandemic problems and a slowing economy. JD stock was up ahead of the report. X Analysts expect JD to show adjusted earnings of 24 cents. They estimate revenue of $43.3 billion, up 26% from the year-ago period. It's JD's second straight quarter of revenue acceleration. Alibaba Group ( BABA ), JD's main competitor in the China e-commerce market, reported fourth-quarter results on Feb. 24 that missed expectations. Revenue grew 10%, its slowest quarterly growth...
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