JD.com, Inc. (NYSE: JD) slid in share price Monday morning, on presenting third-quarter numbers
The Beijing-based company said net revenues for the third quarter of 2018 were RMB104.8 billion ($15.3 billion U.S.), an increase of 25.1% from the third quarter of 2017. Net service revenues for the third quarter of 2018 were RMB10.9 billion ($1.6 billion U.S.), an increase of 49.4% from the third quarter of 2017.
Net income from continuing operations attributable to ordinary shareholders for the third quarter of 2018 was RMB3.0 billion ($0.4 billion U.S.), compared to RMB1.0 billion for the same period last year. Non-GAAP net income from continuing operations attributable to ordinary shareholders for the third quarter of 2018 was RMB1.2 billion ($0.2 billion U.S.), compared to RMB2.2 billion for the same period last year.
Diluted net income per ADS from continuing operations for the third quarter of 2018 was RMB2.03 ($0.30 U.S.), compared to RMB0.69 for the third quarter of 2017. Non-GAAP diluted net income per ADS from continuing operations for the third quarter of 2018 was RMB0.80 ($0.12 U.S.), compared to RMB1.52 for the same quarter last year.
Annual active customer accounts increased to 305.2 million in the 12 months ended September 30, 2018 from 266.3 million in the 12 months ended September 30, 2017.
"We are pleased to report solid results for the third quarter, with our core JD Mall business driving consistent growth under its highly experienced management team," said Richard Liu, Chairman and CEO of JD.com.
Shares fell $1.29, or 5.6%, to $21.76
