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Company Earnings Update (NASDAQ: JD) 1Q19 Results: Revenue Beats Estimates, Strong 2Q19 Guidance

Coresight Research

Key Points

  • reported 1Q19 revenue of ¥121.1 billion ($18.0 billion), up 21% year over year and beating the StreetAccount estimate of ¥120.2 billion.
  • Operating income in 1Q19 increased to ¥1.2 billion ($200 million) from ¥4.4 million in 1Q18.
  • The company’s revenue guidance for 2Q19 was ¥145–150 billion, equivalent to 19-23% year-over-year growth, ahead of the consensus estimate.

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