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JD.com Q2: Retail and Logistics Gains As Price Cuts Pay Off, Margin Boost, Cash Flow Growth
JD.com, Inc. (NASDAQ: JD) reported fiscal second-quarter 2024 revenue growth of 1.2% year over year to $40.098 billion, beating the analyst consensus estimate of $40.830 billion.
JD posted an adjusted net income per ADS of $1.29, beating the analyst consensus estimate of $0.83. The stock price gained after the print.
Ian Su Shan, Chief Financial Officer of JD.com, said, “We continued to enhance price competitiveness during the promotional season through our supply chain and disciplined approach, as opposed to reliance on subsidies.”
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