Trending: PDD 3Q Earnings Beat Analyst Estimates
Provided by
Dow Jones
10:15 ET -- PDD Holdings is one of the most mentioned companies in the U.S. across all news items in the last 12 hours, according to Factiva data. PDD reported third-quarter earnings of 11.61 Chinese yuan ($1.64) a share on revenue of 68.8 billion yuan ($9.7 billion), exceeding estimates of analysts surveyed by FactSet, who expected earnings of 8.95 yuan a share on revenue of 55.2 billion yuan. PDD owns discount online retail platforms Pinduoduo in China and Temu internationally, making it a rival to dominant Chinese e-commerce player Alibaba as well as tech giant Amazon. Dow Jones & Co. owns Factiva. (chris.wack@wsj.com)
(END) Dow Jones Newswires
November 28, 2023 10:30 ET (15:30 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
Markets Brief: Tech Stocks Lead Ahead of Nvidia Earnings
-
How Anti-Obesity Drugs Are Innovating the Healthcare Market
-
What’s Happening In the Markets This Week
-
Why Immigration Has Boosted Job Gains and the Economy
-
What to Invest in During High Inflation
-
Never Mind Market Efficiency: Are the Markets Sensible?
-
Starbucks Stock Could Use a Pick-Me-Up After Big Selloff; Is it a Buy?
-
5 Cheap Stocks to Buy From an Attractive Part of the Market
-
Should You Buy and Hold an Artificial Intelligence Portfolio?
-
After Earnings, Is Lyft Stock a Buy, a Sell, or Fairly Valued?
-
8 Stock Picks in the Apparel Industry
-
Baidu Earnings: Advertising Weakness Offset by Continued Growth In Cloud Business
-
Going Into Earnings, Is Target Stock a Buy, a Sell, or Fairly Valued?
-
Walmart Earnings: Low Prices and Strong Digital Presence Drive Market Share Gains
-
After Earnings and a Big Selloff, Is Shopify Stock a Buy, a Sell, or Fairly Valued?
-
Cisco Earnings: Positive Guidance and Splunk Inclusion Align With Our Long-Term Thesis