JD reports Q3 revenue at $34.2B, up 11.4%

Friday, 18. November 2022 11:22

JD.com Inc. stated on Friday that its third-quarter net revenue grew 11.4% on a yearly basis to $34.2 billion. Net income attributable to ordinary shareholders came to $800 million, compared to a loss of $393 million in Q3 2021. Diluted earnings per share (EPS) stood at $0.50, compared to a loss per share of $0.25 in the same period last year.

"JD.com's focus on efficiency across various businesses helped drive healthy growth even when the industry continued to face significant challenges," CEO Lei Xu said. "Looking ahead, we are confident that our well-established supply chain infrastructure, technical capabilities, as well as the social responsibility we shoulder will continue to enable JD.com to play an important role in the new development phase in the years to come."

JD.com shares gained 0.76% in premarket trade after the announcement.

Related Links: JD.com Inc.
Author:
Baha Breaking News (BBN) / DJ