US-listed shares of JD.com fall after Q2 revenue decline
BUZZ-US-listed shares of JD.com fall after Q2 revenue decline ** U.S.-listed shares of JD.com JD.O down 3.5% at $30.52 premarket
** JD says its Q2 revenue decreased by 2.9% to 346.4 billion yuan ($51.37 billion), beating analysts' average estimate of 344.6 billion yuan, according to data compiled by LSEG
** "Despite near-term revenue headwinds, we achieved strong bottom-line growth, marking a clear inflection in our profit trajectory" — CEO Sandy Xu
** Up to last close, the stock is up ~10% this year
($1 = 6.7427 Chinese yuan renminbi)
(Reporting by Jaspreet Singh in Bengaluru)
((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))
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