JD.com Shows Its Ability to Improve Margins; Shares Overvalued
JD.com released strong first-quarter earnings with both revenue and operating margin beating our estimates and Wall Street consensus. The operating margin turned positive for the first time in the firm's operating history at 1.1%, while JD Mall's non-GAAP operating margin further improved to about 2.1% from 0.8% in the prior quarter and 0.5% in first-quarter 2016. Market confidence is boosted with the improved outlook for JD.com’s margin profile, and the stock price soared by almost 8% following...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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