Temu Parent PDD Holdings Drops After Q4 Revenue Miss: Details
On Thursday, Temu parent
Revenue grew 24% year-on-year to
Revenues from online marketing services and others rose 17% Y/Y to
Adjusted operating profit grew by 14% Y/Y to $3.84 billion. The Chinese online retailer’s adjusted earnings per ADS of $2.76 (20.15 Chinese yuan) increased from 17.32 Chinese yuan Y/Y, beating the analyst consensus estimate of $2.56.
Lei Chen, Chairman and Co-Chief Executive Officer of
Investors can gain exposure to the stock via
Price Action: PDD stock is trading lower by 6.85% to $117.29 premarket at the last check Thursday.
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Temu Parent PDD Holdings Drops After Q4 Revenue Miss: Details
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