Increasing Brand Awareness Drives Strong Quarter for JD.com
Despite more than 80,000 cases of COVID-19 reported on mainland China to date, shares of JD.com (NASDAQ: JD) have held relatively steady over the last month, as investors expect e-commerce companies to benefit with more people staying indoors. The latest earnings results seem to be keeping investor confidence up.
JD.com reported better-than-expected revenue and earnings on Monday, March 2. Revenue of $24.5 billion beat the consensus analyst estimate for $23.9 billion, while earnings of $0.08 came in slightly above the expectation for $0.07.
Image source: JD.com.
Source Fool.com
