Jd.com's 2Q Results Likely to Exceed Market Expectations
Dow Jones
Jul 14
0924 GMT - JD.com's 2Q results is likely to be better than market expectations, according to Nomura analysts in a research note. Nomura expects JD's retail business to report a 5.5% decline in revenue during the quarter, better than market expectations of a 7.5% decline. This is partially supported by JD's supermarket sales, Nomura says. The bank adds that losses from its food delivery business is likely to narrow significantly. Nomura keeps a buy rating and a target price of its ADRs at US$41.00, which last traded at US$28.88. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
July 14, 2026 05:24 ET (09:24 GMT)
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