JD.com stock falls after results

Shares of JD.com Inc. fell 3.8% in premarket trading Tuesday after the company reported revenue for its first quarter that came in slightly ahead of expectations but delivered a forecast that was only in line with estimates. The Chinese e-commerce company grew revenue 33%, to RMB100.1 billion, whereas analysts were expecting RMB98.8 billion, according to FactSet. The company said it expected RMB120 billion to RMB124 billion in revenue for the second quarter, the midpoint of which is about in line with the consensus forecast for RMB122.1 billion. Adjusted earnings per share slipped 23%, to RMB0.71. On a dollar basis, that equates to 11 cents. JD.com shares are up 0.4% over the past 12 months, while shares of rival Alibaba Group Holding Ltd. are up 67%. The S&P 500 has gained 11.4% in the past year.