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JD.com falls short on revenue in Q3

JD.com falls short on revenue in Q3

Despite missing the revenues consensus, JD topped the earnings forecast

One of the largest Chinese e-commerce platforms, JD.com posted its Q3 2020 earnings.

In Q3, JD.com had revenues of $25.7 billion, below the $25.75 billion consensus. Still, the figures came in 29.2% higher than those reported during the same time last year. At the same time, the company reported an EPS of 50 cents, ahead of the 41 cents per share previously forecasted.

Compared to last year's figures, the number of active users increased by 32.1% coming in at 441.6 million. JD Plus membership program reported over 20 million people.

The company's CEO Richard Liu stated that despite the uncertainties brought by the pandemic JD.com keeps on hiring people to ensure the best customer experience possible.

Despite the promising figures, JD.com's stock price fell 3.2% after the report. Still, the company's stock price went up 61% in the last six months.

Sources: thestreet.com

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