Pinduoduo Announces First Quarter 2019 Unaudited Financial Results
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Pinduoduo (PDD) Tops Q1 EPS by 4c, Revenues Beat
May 20, 2019 5:42 AM EDTPinduoduo (NASDAQ: PDD) reported Q1 EPS of ($0.20), $0.04 better than the analyst estimate of ($0.24). Revenue for the quarter came in at $677.3 million versus the consensus estimate of $586.57 million.
GMV1 in the twelve-month period ended March 31, 2019 was RMB557.4 billion (US$2 83.1 billion), an increase of 181% from RMB198.7 billion in the twelve-month period ended March 31, 2018. Total revenues in the quarter were RMB4,545.2 million (US$677.3 million), an increase of 228% from RMB1,384.6 million in the same quarter of 2018.... More