Shares of JD.com (NASDAQ: JD) recently jumped to an all-time high after the Chinese e-commerce company posted its first-quarter numbers. Its revenue rose 21% annually to 146.2 billion yuan ($20.6 billion), beating estimates by $1.4 billion.
Its adjusted net profit fell 10% to 3.0 billion yuan ($420 million), or $0.28 per ADS, but still beat expectations by $0.19. During the conference call, CFO Sidney Huang said that JD "navigated through all the operational difficulties and the disruptions" from the COVID-19 crisis and "delivered a solid set of financials."
JD's resilience during the crisis was impressive, and it easily surpassed its prior forecast for "at least" 10% revenue growth in the first quarter. But does JD's stock still have room to run after soaring over 40% this year?
Source Fool.com