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Benzinga
Benzinga
Business
Avi Kapoor

These Analysts Increase Their Forecasts On PDD Following Q2 Earnings

PDD PDD Holdings
Kyiv,,Ukraine,-,April,1,,2024,Pinduoduo,Icon,On,Smartphone

PDD Holdings (NASDAQ:PDD) reported upbeat fiscal second-quarter 2025 results on Monday.

Revenue grew 7% year-on-year (Y/Y) to $14.52 billion (103.98 billion Chinese yuan), topping the analyst consensus estimate of $14.35 billion. The Chinese online retailer's adjusted earnings per ADS of $3.08 (22.07 Chinese yuan) decreased from 23.24 Chinese yuan Y/Y, topping the analyst consensus estimate of $1.91.

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