JD.com (JD) Stock Higher Following Earnings Results

JD.com (JD) stock is climbing in late morning trading on Monday, after the company reported its 2015 third quarter earnings results before the market open.
By Rachel Graf ,

NEW YORK (TheStreet) -- JD.com (JD) - Get Report stock is higher by 8.75% to $29.09 in late morning trading on Monday, following the release of the company's 2015 third quarter financial results before the market open today.

The China-based e-commerce company posted earnings of RMB 0.02 per ADS, or 0.3 cents per ADS, down from RMB 0.27 per ADS for the 2014 third quarter. 

Revenue climbed by 52% year over year to RMB 44.1 billion, or $6.9 billion. Analysts had forecast for RMB 44.29 billion, according to Reuters.

JD.com expects 2015 fourth quarter revenue to range between RMB 51 billion and RMB 52.5 billion, which would represent growth between 47% and 51% year over year. 

"This was another quarter of strong growth, as JD.com increasingly becomes China's source for fast, worry-free shopping online," CEO Richard Liu said in a statement. "Our partnership with Tencent's dominant Weixin and Mobile QQ platforms puts JD.com at the fingertips of virtually every Chinese mobile online consumer, and continues to drive rapid user growth."

Separately, TheStreet Ratings team rates JD.COM INC -ADR as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:

We rate JD.COM INC -ADR (JD) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. However, as a counter to these strengths, we find that the company's profit margins have been poor overall.

You can view the full analysis from the report here: JD

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Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of Jim Cramer, TheStreet or any of its contributors.

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