China e-commerce giant JD.com ( JD ) on Thursday handily beat expectations for the fourth quarter. But JD stock wavered in early trading. The Beijing-based company reported adjusted earnings of 70 cents per U.S. share on revenue of $42.8 billion. Analysts polled by FactSet had expected JD to report adjusted earnings of 51 cents a share on revenue of $42.53 billion. On a year-over-year basis, JD earnings jumped 100% while sales advanced 7%. "During the pandemic, our steadfast commitment to helping society further established JD.com as a highly trusted brand," Chief Executive Lei Xu said in a news release . "Looking ahead, amidst ever-evolving opportunities and challenges, we will stay focused on lowering costs, increasing efficiency and constantly improving user experience." JD is one of the largest e-commerce companies in China, competing with Alibaba ( BABA ) and PDD Holdings ( PDD ). The company also provides supply-chain technology and services. JD Stock Wavers After Earnings Report In premarket trading on the stock market today , JD stock alternated between modest gains and losses. On Feb. 21, shares of JD, Alibaba and PDD (formerly Pinduoduo) all fell on a report that JD planned to spend $1.5 billion to create […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
