The U.S.-listed shares of JD.com Inc. JD rose 1.0% in premarket trading Thursday, after the China-based ecommerce company beat fourth-quarter profit expectations and initiated a dividend, but missed revenue expectations. The company swung to net income of RMB3.03 billion , or RMB1.91 per American depositary share , from a loss of RMB5.17 billion, or RMB3.33 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per ADS of RMB4.81 beat the FactSet consensus of RMB3.57.
91 per American depositary share , from a loss of RMB5.17 billion, or RMB3.33 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per ADS of RMB4.81 beat the FactSet consensus of RMB3.57. Revenue grew 7.1% to RMB295.45 billion , just below the FactSet consensus of RMB296.43 billion, as net product revenue increased 1.2% while net service revenue jumped 40.3%.