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Everest Group (NYSE:EG) estimated its full-year non-GAAP net operating income at $1.2B-$1.3B, including the unfavorable development of prior-year loss reserves of $1.5B, the company said on Monday.

(1) Represents the income tax adjustment using our estimated non-GAAP tax rate of 20%.

JD.com JD beat Refinitiv consensus as of Aug. 16 and our estimate for revenue and non-GAAP net income in the second quarter. However, JD.com’s Nasdaq traded shares dropped 3% on the day of earnings.