FMP
PDD Holdings Beats Q1 Earnings, Shares Surge 6%
May 22, 2024 12:48 PM - Davit Kirakosyan
Image credit: FMP
PDD Holdings (NASDAQ:PDD) shares surged more than 6% in pre-market today after the company reported fiscal Q1 earnings and revenue that exceeded analyst expectations.
The Chinese online retailer announced quarterly earnings per share (EPS) of RMB20.72, well above the Street estimate of RMB10.35. The quarter's revenue was RMB86.81 billion, surpassing the consensus projection of RMB75.17 billion.
Revenue from online marketing services and others reached RMB42.46 billion, exceeding the expected RMB37.65 billion. Transaction services revenue amounted to RMB44.36 billion, higher than the estimated RMB38.07 billion.
Chairman and co-CEO Lei Chen emphasized the company's dedication to providing a reliable shopping experience for global users and its focus on long-term growth through investments that benefit communities sustainably.
Other Blogs
Oct 31, 2023 8:03 AM - Parth Sanghvi
FCFF vs FCFE: What's the Difference?
Free cash flow to the firm (FCFF) and free cash flow to equity (FCFE) are two of the most important metrics used in financial modeling. Both metrics measure the amount of cash that is available to a company's shareholders and creditors, but there is a key difference between the two. FCFF measures...
Nov 25, 2023 6:39 AM - Parth Sanghvi
DCF Valuation vs. Comparable Companies Analysis: Choosing the Right Valuation Method
Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...
Dec 23, 2023 2:19 AM - Parth Sanghvi
Understanding the Limitations of DCF Analysis: A Guide to Overcoming Challenges
Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...
