JD Stock Surges 11% Premarket on Strong Q4 Earnings and $3B Buyback
- JD stock jumped 11% in premarket trading on strong Q4 earnings and $3B stock buyback program
- Q4 earnings of 5.30 yuan per share and revenue of 306B yuan beat expectations
- Revenue up 4% and adjusted EPS up 10% year-over-year
- JD competing with Alibaba and PDD Holdings in Chinese e-commerce market
- JD stock down 21% year-to-date and 50% over past 12 months amid China economy concerns