PDD Holdings reported second-quarter earnings that exceeded analyst expectations despite a slight revenue shortfall, according to figures released Monday.
The Chinese e-commerce company posted adjusted earnings per share of ¥19.33, surpassing the ¥18.35 estimate by ¥0.98. Revenue totaled ¥112.36 billion, below the ¥113.9 billion consensus among analysts.
Shares of PDD Holdings closed at ¥88.38 on Friday, marking a 2.04% gain over the past three months but a 31.07% decline year-over-year. The stock fell 1.14% in Monday’s session to ¥88.38, though after-hours trading showed a modest gain of 0.25% to ¥88.60.
Analysts have revised earnings estimates downward in the last 90 days, with four negative revisions recorded and none positive. InvestingPro rated the company’s financial health as "great performance."
