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.

Must Read:  3D Printing Companies for Your Stock Portfolio

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE.

JD ChartJD data by YCharts

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE.

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.

More from Markets

Ackman Investment Buoys Lowe's; DraftKings Responds to FanDuel Merger -- ICYMI

Ackman Investment Buoys Lowe's; DraftKings Responds to FanDuel Merger -- ICYMI

Replay: Jim Cramer on the Markets, Tiffany, Micron Technology and Union Pacific

Replay: Jim Cramer on the Markets, Tiffany, Micron Technology and Union Pacific

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market

Red Robin Slumps After Earnings Miss

Red Robin Slumps After Earnings Miss

Owner of Moviepass Sees Stock Plummet

Owner of Moviepass Sees Stock Plummet