Shares of (NASDAQ:JD) surged 18% intra-day today following the announcement that the Chinese e-commerce giant exceeded fourth-quarter revenue expectations and plans to expand its share buyback initiative. disclosed a fourth-quarter earnings per share (EPS) of RMB5.30, surpassing the analysts’ prediction of RMB4.51. The company’s revenue for the quarter reached RMB306.1 billion, beating the projected RMB299.7 billion.

Additionally, unveiled an expansion to its share repurchase program, revealing plans to acquire up to US$3.0 billion of its shares, including American Depositary Shares (ADSs). This buyback is set to occur over the next three years.

Deja una respuesta

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *

× ¿Cómo puedo ayudarte?