• First quarter revenue increased 4.9% to RMB 315.7 billion, or $45.77 billion, beating estimates.
• Adjusted earnings per American Depository Share were $0.74, ahead of estimates.
• JD Retail unit generated operating income of RMB 15 billion on sales of RMB 268.59 billion.

Chinese online marketplace operator JD.com (JD) posted a profit and revenue beat for the first quarter on Tuesday, as its core e-commerce business benefited from partnerships with leading home appliance brands, which helped drive sales across various product categories.

At the time of writing, the company's American Depository Shares were up nearly 2% in premarket trading.

JD Retail In Focus

The company said JD Retail’s profitability reached record levels in the first quarter (Q1), despite a challenging operating environment, generating operating income of RMB 15 billion on sales of RMB 268.59 billion.

“This performance was anchored by the steady progress of JD Retail, as general merchandise categories and high-margin businesses, including marketplace and marketing revenues, continued to outperform,” the company said in a statement.

JD highlighted that its deepened tie-ups with popular consumer electronics names such as Midea, Haier, Hisense, and TCL helped the online retailer reach new customers.

JD Q1 Earnings Fineprint

In the first quarter (Q1), revenue increased 4.9% to RMB 315.7 billion, or $45.77 billion, ahead of the $45.57 billion estimate polled by Fiscal AI.

The company’s adjusted earnings per American Depository Share (EPADS) were $0.74, topping the $0.74 per share estimate.

What Retail Traders Think Of JD Stock

On Stocktwits, retail sentiment about JD turned ‘neutral’ from ‘bearish' amid ‘high’ message volumes over the last 24 hours.

One user on the platform said the Q1 print was good.

JD stock has gained 6.4% so far this year but has lost 15.3% over the past 12 months.

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