JD.com (JD) Stock Rises on Strong Q3 Earnings and Positive Outlook

Dec 02, 2024

JD.com (JD, Financial) shares increased by 1.5% to $37.94 in pre-market trading. According to a report by CMB International, JD.com's revenue for the third quarter of 2024 met expectations, while profits exceeded forecasts. Looking ahead to the fourth quarter, the bank anticipates a 5.7% year-over-year increase in revenue, with better-than-expected Singles' Day sales figures. For 2024, the company's overall profit is projected to rise by 28% year-over-year to 45 billion yuan, an upward revision of 5% from previous estimates, reflecting the positive impact of improved logistics profitability.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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