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

$PDD Holdings Inc(PDD)$ 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@Investing_Table

# PDD Drops 10%! Will You Buy the Dip Under $100?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment2

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