U.S.-listed shares of JD.com fall after Q2 revenue decline
JD•JD.com shares fall after Q2 revenue decline
- U.S.-listed shares of JD.com
JD.Owere down 3.5% at $30.52 premarket. - JD said its Q2 revenue decreased by 2.9% to 346.4 billion yuan ($51.37 billion), beating analysts' average estimate of 344.6 billion yuan, according to data compiled by LSEG.
- "Despite near-term revenue headwinds, we achieved strong bottom-line growth, marking a clear inflection in our profit trajectory" — CEO Sandy Xu.
- Up to the last close, the stock is up about 10% this year.
($1 = 6.7427 Chinese yuan renminbi)
