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PDD Holdings Inc. (PDD)
After hours:
| Previous close | 147.09 |
| Open | 150.00 |
| Bid | 153.61 x 100 |
| Ask | 153.71 x 100 |
| Day's range | 149.98 - 159.95 |
| 52-week range | 62.53 - 160.00 |
| Volume | |
| Avg. volume | 9,724,119 |
| Market cap | 213.357B |
| Beta (5Y monthly) | 0.66 |
| PE ratio (TTM) | 20.00 |
| EPS (TTM) | 7.68 |
| Earnings date | 22 May 2024 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 192.14 |
CNN BusinessBargain-hungry Americans are flocking to Temu and making its Chinese owner very rich
PDD Holdings, the owner of Temu and Pinduoduo, is blowing past market expectations with a massive surge in profit and revenue as American and Chinese consumers swarm its bargain shopping apps for low-cost products.
BenzingaAlibaba Rival PDD's Explosive Growth Continues, Revenue More Than Doubles
PDD Holdings Inc (NASDAQ:PDD) reported fiscal first-quarter 2024 revenue growth of 131% year-on-year to $12.02 billion (86.81 billion Chinese yuan), beating the analyst consensus estimate of $10.65 billion. The Chinese online retailer’s adjusted earnings per ADS of $2.83 (CNY20.72) increased from CNY6.92 Y/Y, beating the analyst consensus estimate of $1.42. Revenues from online marketing services and others rose 56% Y/Y to $5.88 billion. Also Read: Why Are Chinese Stocks Including Baidu, JD And
- Investing.com
Midday movers: Target, Lululemon and ViaSat fall; TJX rises
(Updated - May 22, 2024 11:58 AM EDT)
