JD.com (JD) Stock: Why Shares Jumped 5% After Profit Plunged 55%
TLDR JD. com’s third-quarter revenue hit 299. 1 billion yuan, surpassing the 294. 05 billion yuan analyst forecast by 5 billion yuan. Net income dropped to 5. 3 billion yuan from 11. 7 billion yuan year-over-year as the company invested in expansion. The e-commerce platform reached 700 million annual active customers in October. Food delivery operations improved with reduced investment [.] The post JD. com (JD) Stock: Why Shares Jumped 5% After Profit Plunged 55% appeared first on Blockonomi.