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Limhockmeng
2023-03-21

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Why Did PDD Stock Plunge 14% Monday? Earnings and Sales Miss Forecasts

Chinese e-commerce company PDD Holdings (NASDAQ:PDD), the parent of Pinduoduo, started the week on a

Why Did PDD Stock Plunge 14% Monday? Earnings and Sales Miss Forecasts

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The company had seen sales and earnings grow through the COVID-19 pandemic and China imposed strict restrictions and lockdowns on people&#39;s ability to socialize and engage in public activities.</li><li>Wall Street analysts have a consensus strong buy rating on PDD&#39;s (PDD) stock, while Seeking Alpha authors give the shares a rating of buy. Seeking Alpha&#39;s Quant System, which historically outperforms the stock market, has given PDD&#39;s (PDD) stock a more-modest hold rating.</li></ul></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Did PDD Stock Plunge 14% Monday? 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Earnings and Sales Miss Forecasts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-21 08:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3949231-why-did-pdd-stock-plunge-14-monday-earnings-and-sales-miss-forecasts><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Chinese e-commerce company PDD Holdings (NASDAQ:PDD), the parent of Pinduoduo, started the week on a rough note Monday, as its shares fell more than 14% following a disappointing quarterly earnings ...</p>\n\n<a href=\"https://seekingalpha.com/news/3949231-why-did-pdd-stock-plunge-14-monday-earnings-and-sales-miss-forecasts\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PDD":"拼多多"},"source_url":"https://seekingalpha.com/news/3949231-why-did-pdd-stock-plunge-14-monday-earnings-and-sales-miss-forecasts","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2321661592","content_text":"Chinese e-commerce company PDD Holdings (NASDAQ:PDD), the parent of Pinduoduo, started the week on a rough note Monday, as its shares fell more than 14% following a disappointing quarterly earnings report.Prior to the start of trading, PDD (PDD) reported a fourth-quarter profit, excluding one-time items, of $1.21 a share, on revenue of $5.78B. 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