Starting the week off on Tuesday, JD.com, Inc. (NASDAQ: JD) reported a strong second quarter as an increase in annual active accounts and its June 18th Anniversary Sale helped the Chinese e-commerce giant top analysts’ earnings expectations with 33 cents per share on revenues of 21.9 Billion dollars
Then on Wednesday morning, Macy’s, Inc. (NYSE: M) missed analysts’ estimates, earning just 28 cents per share on revenues of 5.55 Billion dollars. CEO Jeff Gennette cited numerous reasons for the weaker quarter such as sales issues in its women’s sportswear private brands and slowing international tourism.
Alibaba Group Holding Limited (NYSE: BABA) followed on Thursday, reporting its 42% year-over-year revenue surge helped on by its 34% growth in monthly active users. The Chinese e-commerce giant earned 1.83 dollars per share on revenues of 16.74 Billion dollars
Lastly, Walmart Inc. (NYSE: WMT) topped analysts’ estimates for the second quarter, reporting earnings of 1.27 dollars per share on revenues of 130.4 Billion dollars while also growing its U.S. comparable sales by 7.3%, the largest growth its experienced in over 10 years.
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