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Investing.com -- The U.S-listed shares of JD.com Inc Adr (NASDAQ:JD) jumped approximately 7% in premarket trading Thursday after the Chinese e-commerce company beat analyst expectations for fourth-quarter top and bottom lines.
The retail giant posted Q4 earnings per share (EPS) of RMB7.42, topping consensus estimates of RMB5.44.
Revenue for the quarter stood at RMB347 billion, also ahead of the consensus projection of RMB322.29 billion.
“We are pleased to report a strong quarter to close out 2024 amidst rebounding consumption. Our topline growth returned to double digits year-on-year, and bottom line also achieved healthy expansion,” said Sandy Xu, CEO of JD.com.
“We head into 2025 with more optimism, as consumption sentiment steadily picks up, and we continue to unlock high-quality growth potentials with our strong execution of strategic priorities.”
Adjusted EBITDA for the quarter rose 30% year over year to 12.53 billion yuan, ahead of the 11.17 billion yuan estimate. The adjusted EBITDA margin improved to 3.6% from 3.2% a year earlier, compared to the 3.41% forecast.
The adjusted operating margin increased to 3% from 2.5% in the prior year, exceeding the 2.68% estimate.
Fulfillment expenses rose 16% year over year to 20.1 billion yuan, slightly above the estimated 19.33 billion yuan.