Advertisement
New Zealand markets closed

  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     

  • NZD/USD

    0.5946
    +0.0009 (+0.15%)
     

  • NZD/EUR

    0.5551
    +0.0005 (+0.08%)
     

  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     

  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     

  • OIL

    82.61
    -0.20 (-0.24%)
     

  • GOLD

    2,330.40
    -8.00 (-0.34%)
     

  • NASDAQ

    17,526.80
    +55.33 (+0.32%)
     

  • FTSE

    8,040.38
    -4.43 (-0.06%)
     

  • Dow Jones

    38,460.92
    -42.77 (-0.11%)
     

  • DAX

    18,088.70
    -48.95 (-0.27%)
     

  • Hang Seng

    17,192.85
    -8.42 (-0.05%)
     

  • NIKKEI 225

    37,744.93
    -715.15 (-1.86%)
     

  • NZD/JPY

    92.3820
    +0.2670 (+0.29%)
     

Why JD.com’s Sales Guidance Disappointed Investors

Scarlett Ness
Updated
Why JD.com’s Sales Guidance Disappointed Investors

The stock of China (FXI) e-commerce giant JD.com (JD) fell 8.4% on Monday after the tech giant reported its weakest quarterly revenue growth since its initial public offering in 2014. JD.com, which is backed by Walmart (WMT), Alphabet’s (GOOGL) Google, and China’s Tencent, reported better-than-expected earnings in its third quarter of 2018, which ended in September, but missed revenue estimates. The upbeat earnings came after the company posted robust sales growth in its tech services unit, which was almost double the growth rate of its general product sales.

Continue reading