Why PDD Holdings Stock Was Climbing Today [Yahoo! Finance]
PDD Holdings Inc. - American Depositary Shares (PDD)
Company Research
Source: Yahoo! Finance
Revenue and operating profit both more than doubled in the period. As of 9:45 a.m., the stock was up 6% after opening up as much as 16% higher. PDD is destroying the competition PDD, the parent of Pinduoduo and Temu, the fast-growing international discount e-commerce platform, blew past estimates in its fourth-quarter earnings report. Revenue jumped 123% to $12.5 billion, which easily beat the analyst consensus at $11.14 billion. Adjusted operating income rose 112% to $3.46 billion, showing the company is also delivering strong margins as it's gaining leverage on its earlier investments in marketing and other overhead expenses. On the bottom line, adjusted earnings per share jumped 108% to $2.40, which also crushed expectations of $1.61. Co-CEO Jiazhen Zhao said, "We will continue our high-quality development strategy, stay dedicated to [offering] great value and exceptional service and keep building thriving communities that can benefit all." What's next for PDD PDD's
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PDD
News
- China has a 'fake gold' problem — locals are getting scammed into buying artificial jewelry [MSNBC.com]MSNBC.com
- China has a ‘fake gold' problem — locals are getting scammed into buying artificial jewelry [CNBC]CNBC
- PDD Holdings Files Annual Report on Form 20-F for Fiscal Year 2023GlobeNewswire
- Alibaba: Let's Clear Up Some Misconceptions [Seeking Alpha]Seeking Alpha
- China’s Pinduoduo Has Reshaped Discount Shopping [The New York Times]The New York Times
PDD
Earnings
- 3/20/24 - Beat
PDD
Sec Filings
- 4/25/24 - Form 20-F
- 3/27/24 - Form 144
- 3/26/24 - Form 144
- PDD's page on the SEC website