JD.com (NASDAQ: JD) 2Q19 Results: Revenue Beats Consensus, Solid 3Q19 Guidance

Executive Summary

• com reported 2Q19 revenue of ¥150.3 billion ($21.9 billion), up 22.9% year over year and beating the consensus estimate of ¥147.4 billion.
• Operating income in the quarter increased to ¥2.3 billion ($330.2 million) from a loss of ¥1.0 billion in 2Q18.
• Management guided for 3Q19 revenue of ¥126–130 billion, equivalent to 20–24% year-over-year growth.