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PDD / Pinduoduo stock surges after big profit and revenue beats, as gross margin improves sharply

Pinduoduo stock surges after big profit and revenue beats, as gross margin improves sharply
The U.S. listed shares of Pinduoduo Inc. PDD, +9.45% charged 9.5% higher in premarket trading Friday, after the China-based mobile marketplace reported first-quarter profit and revenue that rose well above expectations, as gross margin improved sharply with costs falling. The company swung to net income of RMB2.60 billion ($410.1 million), or RMB1.84 a share, from a net loss of RMB2.91 billion, or RMB2.33 a share, in the year-ago period. Read More
Posted: May 27 2022, 06:45
Author Name: Market Watch
Views: 110743

PDD News  

1 Growth Stock Down Nearly 50% to Buy Now

By The Motley Fool
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1 Growth Stock Down Nearly 50% to Buy Now

Pinduoduo is one of the fastest-growing e-commerce sites in China. And its growth will likely even accelerate further this year. more_horizontal

PDD Holdings Inc. (PDD) Exceeds Market Returns: Some Facts to Consider

By Zacks Investment Research
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PDD Holdings Inc. (PDD) Exceeds Market Returns: Some Facts to Consider

PDD Holdings Inc. (PDD) concluded the recent trading session at $102.93, signifying a +1.49% move from its prior day's close. more_horizontal

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By InvestorPlace
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Tech Giants on Sale: 3 Overlooked Stocks Poised for a Massive Rebound

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PDD Holdings Inc. (PDD) Rises As Market Takes a Dip: Key Facts

By Zacks Investment Research
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PDD Holdings Inc. (PDD) Rises As Market Takes a Dip: Key Facts

PDD Holdings Inc. (PDD) reachead $104.19 at the closing of the latest trading day, reflecting a +1.37% change compared to its last close. more_horizontal

PDD Holdings Inc. (PDD) Stock Declines While Market Improves: Some Information for Investors

By Zacks Investment Research
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PDD Holdings Inc. (PDD) Stock Declines While Market Improves: Some Information for Investors

The latest trading day saw PDD Holdings Inc. (PDD) settling at $105.32, representing a -0.74% change from its previous close. more_horizontal

Why Has Pinduoduo's Stock Doubled in the Last 12 Months?

By The Motley Fool
October 14, 2023

Why Has Pinduoduo's Stock Doubled in the Last 12 Months?

The Chinese e-commerce site has executed well in the last few quarters. Its newer Temu site is quickly gaining traction in overseas markets. more_horizontal

PDD Holdings Inc. (PDD) Surpasses Market Returns: Some Facts Worth Knowing

By Zacks Investment Research
October 9, 2023

PDD Holdings Inc. (PDD) Surpasses Market Returns: Some Facts Worth Knowing

PDD Holdings Inc. (PDD) concluded the recent trading session at $106.96, signifying a +1.25% move from its prior day's close. more_horizontal

Breakout Alert: PDD's Impressive Surge Continues

By MarketBeat
October 9, 2023

Breakout Alert: PDD's Impressive Surge Continues

The stock, which has been on an impressive three-month run since reporting earnings, up over 55%, now boasts a $139 billion market capitalization and more_horizontal


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