American depositary receipts (ADRs) of Chinese e-commerce retailer JD.com (JD) jumped over 16% in early trading Wednesday after the company reported fourth quarter sales that beat 🐲estimates.

JD.com reported revenue of 306.1 billion Chinese yuan ($43.1 billion), up 3.6% from the fourth quarter of 2022, and above analyst projections. The e-commerce giant noted it rolled out a series of low-price initiatives to boost sales, though it incurred a number of 澳洲幸运5官方开奖结果体彩网:impairment charges, holding back profits.

JD.com's net income for the fourth quarter was 3.4 billion yuan ($0.5 billion), up from 3 billion yuan ($0.42 billion) in the year-ago period. Diluted earnings per share (EPS) missed estimates at 2.13 yuan (30 cents).

For the full year, net income came in at 24.2 billion yuan ($3.4 billion), more than double 2022's 10.4 billion yuan ($1.44 billion). The company's 2023 revenue of 1,084.7 billion yuan ($152.8 billion) was up 3.7% from 2022.

The company also announced a $3 billion share repurchase program and an annual dividend of 76 cents per U.S.-listed share.

ADRs of JD.com were more than 16% higher after the open Wednesdaඣy, though they were still down about 8% since the star🐻t of 2024.