$JD, up 7.8% after it announced great earnings, despite the #tradewar.— From Growth To Value (@FromValue) August 13, 2019
Revenue up 22.9% yoy, to $21.9B, beating by $970M.
Non-GAAP EPS $0.33, beating expectations by $0.25. 🤩
GAAP EPS of $0.05, beating by $0.13 🤩
Service revenue up 42% yoy, now contributing 11% to total now.
10.8 new customers, total at 321.3M now.— From Growth To Value (@FromValue) August 13, 2019
Margins go from 0.1% to 2.1% yoy.
Q3 guidance sees revenue growth of 20%-24%.
Great earnings and I expect $JD back above $30 soon, despite the trade war.
Bodes well for $BABA too on Thursday!
$JD Earnings clearly showing an improvement on all metrics. Homerun for sure.— Long Short Value (@LSValue) August 13, 2019
Active accounts up to 321m
Margins improvement continues 2.4%
Revenue Growing at 22% YoY
New Business Revenue growing at 70% YoY
FCF at ATH pic.twitter.com/7MLSaecV72
$JD profitability is inflecting. Q2 gross profit minus fulfillment grew 56%, an acceleration compared to Q1 (+45%) and Q2 ‘18 (+32%). Q2 operating margin was 2.1% vs. 0.1% last year. LT margin profile will likely resemble $COST. $JD is valued at 0.5x sales which is a bargain.— Warbucks (@therealjunto) August 13, 2019
Re Hayden, just read their letter. Their thesis was largely correct. Multiple has just bled during their ownership. Stock has become cheaper. Baba has certainly executed well, but there’s room for both. I like both Baba and JD— Warbucks (@therealjunto) August 13, 2019