Summary by Moomoo AI
JD.com, Inc. (JD.com), a leading technology and service provider, reported its unaudited financial results for the third quarter ended September 30, 2024. The company saw a 5.1% increase in net revenues to RMB 260.4 billion compared to the same period in 2023. Income from operations rose by 29.5% to RMB 12.0 billion, with an operating margin of 4.6%. Net income attributable to ordinary shareholders surged by 47.8% to RMB 11.7 billion, and diluted net income per ADS increased by 54.6% to RMB 7.73. The company also announced a new US$5.0 billion share repurchase program through August 2027, having completed its previous repurchase program. JD.com's CEO Sandy Xu cited improved consumer sentiment and the company's role in China's trade-in program as factors contributing to the robust performance...Show More
