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These Analysts Increase Their Forecasts On JD.com Following Strong Results

JD.com, Inc. (NASDAQ:JD) reported better-than-expected first-quarter results on Thursday. JD.com reported fiscal first-quarter 2024 revenue growth of 7% year over year to $36.02 billion, beating the analyst consensus estimate of $35.62 billion. JD posted an adjusted net income per ADS of 78 cents, beating the analyst consensus estimate of 64 cents, according to data from Benzinga Pro. JD.com’s net product revenue increased by 6.6% year over year to $28.88 billion. Net service ...