JD.com (JD) Rises 1.5% After Strong Third Quarter Performance

Dec 02, 2024

JD.com (JD, Financial) shares increased by 1.5% to $37.94 in pre-market trading. A report from CMB International highlighted that JD.com's revenue for the third quarter of 2024 met expectations, while profits exceeded them. Looking ahead to the fourth quarter, the bank projects a 5.7% year-over-year revenue growth, supported by better-than-expected Singles' Day sales figures. For 2024, overall profits are anticipated to rise by 28% year-over-year to 45 billion yuan, an upward revision of 5% from previous estimates, due to improved logistics profitability.

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