China Shopping Stock JD.com Guides Q4 Up, Cracks Down

By | November 16, 2015

Scalper1 News

JD.com (JD) saw its stock rise on Monday after the China e-commerce firm guided Q4 earnings above analyst expectations. JD guided revenue of between RMB 51.0 billion and RMB 52.5 billion, which would be $7.99 billion to $8.23 billion at the current exchange rate, up 49% at the midpoint in local currency and above consensus. Analysts polled by Thomson Reuters have been looking for RMB 50.61 billion. JD did not provide earnings guidance for Q4, but Scalper1 News

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