This Growth Stock Is Slowing Down. Buy, Sell, or Hold Now?
JD.com (NASDAQ: JD), a leading e-commerce company in China, had a great year in 2021. Revenue grew 28% to a record high, and annual active customers reached a new high of 570 million.
But when JD announced its second-quarter 2022 results on Aug. 23, investors saw a substantial decline in revenue growth to just 5%. Those who expected JD to sustain its high double-digit growth rate were disappointed.
Still, investors should dig further into the earnings result to get a complete picture. Here are a few important things to know about JD's recent performance.
Source Fool.com