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JD.com Reports Robust Sales Growth With The Expectation For More

Chinese e-commerce heavyweight JD.com (NASDAQ: JD) reported third quarter 2019 adjusted earnings per share (EPS) of Renminbi (RMB) 2.08, much higher than the prior year's RMB 0.80 per share performance. The company reported that annual active customer accounts increased by more than 13 million users to 334.4 million during the period, with mobile monthly active users increasing 36% year-over-year. More than half of the company's net revenue came from the sale of electronics and appliances, which increased 21.9% year-over-year to RMB 75.8 billion. "JD saw excellent results for the third quarter marked by accelerating revenue growth and record operating profit margin. Looking forward, we will increasingly benefit from the economies of scale inherent in JD's unique business model through our leading supply chain, technology and service capabilities," said JD.com's chief financial officer Sidney Huang.

First found on: www.benzinga.com And then on: 2 other references