JD.com Stock Falls as Wall Street Dials Back Revenue Estimates

U.S.-listed shares of JD.com were falling Friday as Wall Street firms dialed back their revenue estimates for the e-commerce giant amid the struggling Chinese economy.

Those pain points are “likely to weigh on any meaningful rebound of growth,” analysts explained. That said, “continued improvement in operation efficiency and optimization effort will support profitability and margins,” they added.Benchmark analysts also cut revenue estimates for the second half of the year, citing similar reasoning to Citi, but saw some potential positives.

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