Investors Cheer Pinduoduo's Q2 MAU Growth Despite Revenue Miss

Benzinga2021-08-24

Chinese agriculture and interactive commerce platform Pinduoduo Inc (NASDAQ:PDD) reported second-quarter FY21 revenue growth of 89% year-on-year to $3.6 billion, missing the analyst consensus of $4.2 ...

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Maydelyn
2021-08-24
Maydelyn
Finally the Chinese stocks are moving aggressively. They have been down for a few months!! Hopefully will upward trend from now on.
- gupzbajaj:
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They have been down for a few months!! Hopefully will upward trend from now on.&nbsp;","listText":"Finally the Chinese stocks are moving aggressively. They have been down for a few months!! Hopefully will upward trend from now on.&nbsp;","text":"Finally the Chinese stocks are moving aggressively. They have been down for a few months!! Hopefully will upward trend from now on.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/834587070","repostId":2161086427,"repostType":2,"repost":{"id":"2161086427","kind":"highlight","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1629810483,"share":"https://ttm.financial/m/news/2161086427?lang=en_US&edition=fundamental","pubTime":"2021-08-24 21:08","market":"us","language":"en","title":"Investors Cheer Pinduoduo's Q2 MAU Growth Despite Revenue Miss","url":"https://stock-news.laohu8.com/highlight/detail?id=2161086427","media":"Benzinga","summary":"\n","content":"<div>\n<p>Chinese agriculture and interactive commerce platform Pinduoduo Inc (NASDAQ:PDD) reported second-quarter FY21 revenue growth of 89% year-on-year to $3.6 billion, missing the analyst consensus of $4.2 ...</p>\n\n<a href=\"https://www.benzinga.com/news/earnings/21/08/22632189/investors-cheer-pinduoduo-q2-mau-growth-despite-revenue-miss\">Source Link</a>\n\n</div>\n","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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Active buyers in the twelve months ended June 30 rose 24% Y/Y to 849.9 million.\nSegments: Revenues from online marketing services and others rose 64% Y/Y to $2.8 billion, transaction services jumped 164% Y/Y to $465.8 million, merchandise sales were flat at $303.3 million.\nPinduoduo posted a positive non-GAAP operating profit of $493.3 million. The revenues, excluding merchandise sales, increased 73% Y/Y. \nNon-GAAP earnings per ADS of $0.44 beat the consensus loss of $(0.15).\nPinduoduo generated $1.1 billion in operating cash flow and held $14.3 billion in cash and equivalents.\nPinduoduo announced the \"10 Billion Agriculture Initiative\" for the agricultural sector and rural areas.\nPeers Amazon.com Inc (NASDAQ:AMZN) and Alibaba Group Holding Ltd (NYSE:BABA) also missed the revenue consensus as e-commerce growth weakened. Domestic regulatory crackdown further hampered the Chinese tech stocks.\nPrice Action: PDD shares traded higher by 11.60% at $90.50 in the premarket session on the last check Tuesday.","news_type":1,"symbols_score_info":{"BABA":0.9,"QTWO":1,"AMZN":0.9,"ISBC":1,"PDD":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5636240,"gmtCreate":1629822775497,"gmtModify":1663232859430,"authorId":3582203097187155,"author":{"id":3582203097187155,"idStr":"3582203097187155","authorId":3582203097187155,"name":"gupzbajaj","avatar":"https://static.tigerbbs.com/b0441cdcbc87c9f271dee51139b52dff","vip":1,"crmLevel":11,"crmLevelSwitch":1,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":834587070,"type":1,"supId":0,"prevId":0,"content":"Pls like","text":"Pls like","html":"Pls like"}],"langContent":"EN"}],"isCommentEnd":true,"newsSizeData":{"likeSize":10,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.46.0","shortVersion":"4.46.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2161086427","isCrawlerRequest":true}