Shares of Pinduoduo PDD decreased 11% after the company reported Q2 results.
Quarterly Results
Earnings per share rose 75.00% year over year to ($0.01), which beat the estimate of ($0.20).
Revenue of $1,725,900,000 higher by 62.51% from the same period last year, which missed the estimate of $1,750,000,000.
Outlook
Pinduoduo hasn't issued any earnings guidance for the time being.
Pinduoduo hasn't issued any revenue guidance for the time being.
Details Of The Call
Date: Aug 21, 2020
Time: 07:30 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/mgmbx4j5
Technicals
Company's 52-week high was at $98.96
52-week low: $25.25
Price action over last quarter: Up 33.70%
Company Profile
Pinduoduo Inc provides a platform for buyers with value-for-money merchandise and fun and interactive shopping experiences. The company mobile platform offers a comprehensive selection of priced merchandise, featuring a social shopping experience that leverages social networks as an effective and efficient tool for buyer acquisition and engagement. The company's whole revenue is derived from within the People's Republic of China.
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