PDD Holdings Q1 EPS $1.01 Beats $0.54 Estimate, Sales $5.48B Beat $4.53B Estimate
Portfolio Pulse from Benzinga Newsdesk
PDD Holdings reported Q1 earnings of $1.01 per share, beating the analyst consensus estimate of $0.54 by 87.04%. Sales reached $5.48 billion, surpassing the $4.56 billion estimate by 20.18%. Both earnings and sales increased significantly compared to the same period last year.
May 26, 2023 | 10:34 am
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PDD Holdings' Q1 earnings and sales exceeded analyst estimates, with an 87.04% beat on EPS and a 20.18% beat on sales compared to last year.
PDD Holdings reported strong Q1 results, beating analyst estimates on both earnings and sales. This positive news is likely to have a short-term positive impact on the stock price, as it demonstrates the company's growth and ability to outperform expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100