Why JD.com (JD) Stock Is Gaining Today

NEW YORK (TheStreet) -- JD.com (JD) was gaining 1.6 % to $30.49 Friday after beating analysts’ estimates for earnings and revenue in the second quarter.

For the second quarter the company reported a loss of RMB 0.01 a share, beating the Capital IQ Consensus Estimate of a loss of RMB 0.10 by RMB 0.09. Revenue grew 63.9% from the year-ago quarter to RMB 28.61 billion, beating analysts’ estimates of RMB 27.34 billion for the quarter.

Looking to the third quarter JD.com expects revenue of RMB 28 billion to RMB 29 billion, compared to analysts’ estimates of RMB 28.35 billion.

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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