$PDD Holdings Inc(PDD)$ down almost 14% pre-market on ER

Brian Tycangco 鄭彥渊

2024-08-26

$PDD Holdings Inc(PDD)$ down almost 14% pre-market on ER.

$PDD Holdings Inc(PDD)$ 2Q24 Results:

* Revenue +86% to $13.35B vs. $13.97 expected (MISS)

* Basic EPS +140% to $3.18 vs. $2.61 expected (BEAT)

* Adjusted EPS +122% to $3.20 vs. $2.79 expected (BEAT)

* TTM adjusted EPS = $10.10

* TTM PE Ratio = 13.9X

BUT... "We see many challenges ahead... transitioning towards high-quality development... prepared to accept short-term sacrifices and potential decline in profitability."
"Looking ahead, our revenue growth will inevitably face pressure... profitability will also likely to be impacted. as we continue to invest."

$PDD Holdings Inc(PDD)$ slight miss on revenue though adjusted net income and adjusted EPS beat. in the press release conservative tone from management.

Image

@Investing_Table

CNY is Here! Which China Stocks Are You Bullish?

Historically, Hong Kong and A-shares tend to perform well in January, during the Chinese New Year period. ------------------- Does signify new liquidity for the stock market? Is it a positive signal or not? Should investors hold on for more gains or take profits now? Which Chinese stock are you most optimistic about?

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Comments

Song Di
2024-08-26
Song Di
It's just revenue is not in line with analyst prediction, the price dropped as though the company is collapsing
Ohshi
2024-08-26
Ohshi
20% soon

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