JD.com (NASDAQ:JD) announced Q2 results that exceeded Street predictions. However, despite this positive performance, the company’s shares experienced a decline of more than 5% intra-day today.
During the second quarter, JD.com achieved a net revenue of 287.93 billion yuan, showcasing a growth of 7.6% in comparison to the corresponding period of the previous year. This performance surpassed the Street estimate of 279.92 billion yuan.
The adjusted earnings per American depositary receipt (ADR) for JD.com were recorded at 5.39 yuan, marking an increase from the previous year’s 4.06 yuan. This figure also surpassed the Street estimate of 4.92.
Furthermore, the adjusted operating margin demonstrated an improvement, rising to 3% from the previous year’s 2.1%. This nearly met the projected margin of 3.1%.