FMP
Pinduoduo Stock Jumps 17% on Strong Q2 Earnings
Aug 29, 2023 4:34 PM - Davit Kirakosyan(Last modified: Dec 19, 2023 5:49 PM)
Image credit: FMP
Pinduoduo (NASDAQ:PDD) shares jumped more than 17% intra-day today following the company's remarkable performance in the second quarter, which greatly exceeded expectations.
During the quarter, Pinduoduo reported an EPS of 10.47 yuan per share, surpassing the Street projection by 3.17 yuan. Furthermore, the company's revenue for the quarter totaled 52.28 billion yuan, significantly outpacing the Street estimate of 43.36 billion yuan.
PDD's earnings from online marketing services and other sources reached 37.93 billion yuan, surpassing the expected 32.07 billion yuan. Additionally, the revenue generated from transaction services amounted to 14.35 billion yuan, exceeding the consensus forecast of 11.14 billion yuan.
Other Blogs
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
Best Budget-Friendly Laptops for Financial Modeling and Stock Trading (2024)
Laptops for Financial Modeling and Stock Trading In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, th...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Understanding Profitability Metrics: Exploring ROE, ROA, and Net Profit Margin
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
The easiest way to calculate stock’s target price and why the target price is important.
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
