$PDD Holdings Inc(PDD)$ 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.
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