Shares of PDD Holdings Inc. shot up 10.2% in premarket trading Friday, after the mobile marketplace company reported big first-quarter profit and revenue...
Shares of PDD Holdings Inc. PDD shot up 10.2% in premarket trading Friday, after the mobile marketplace company reported big first-quarter profit and revenue beats, boosted by strength in online marketing and transaction services. Net income more than doubled to RMB8.10 billion , or RMB5.55 per American depositary share, from RMB2.60 billion, or RMB1.84 in the year-ago period. Excluding nonrecurring items, adjusted earnings per ADS of RMB6.92 was well above the FactSet consensus of RMB4.46.
Net income more than doubled to RMB8.10 billion , or RMB5.55 per American depositary share, from RMB2.60 billion, or RMB1.84 in the year-ago period. Excluding nonrecurring items, adjusted earnings per ADS of RMB6.92 was well above the FactSet consensus of RMB4.46. Revenue grew 58.1% to RMB37.64 billion , to beat the FactSet consensus of RMB32.18 billion. Revenue from online marketing services increased 50% to RMB27.24 billion and transaction services revenue jumped 86% to RMB5.59 billion.
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