Pinduoduo (PDD) Tops Q2 EPS by 281c; offers commentary
Pinduoduo (NASDAQ: PDD) reported Q2 EPS of RMB23.24, RMB2.81 better than the analyst estimate of RMB20.43. Revenue for the quarter came in at RMB97.06 billion versus the consensus estimate of RMB99.42 billion.
“In the past quarter, our revenue growth rate slowed quarter-on-quarter. Looking ahead, revenue growth will inevitably face pressure due to intensified competition and external challenges,” said Ms. Jun Liu, VP of Finance of PDD Holdings. “Profitability will also likely to be impacted as we continue to invest resolutely.”
For earnings history and earnings-related data on Pinduoduo (PDD) click here.