PDD Holdings Q4 Adj Earnings Per ADS $2.40 Beats $1.60 Estimate, Sales $12.52B Beat $11.01B Estimate
Portfolio Pulse from Benzinga Newsdesk
PDD Holdings reported Q4 adjusted earnings per ADS of $2.40, surpassing the $1.60 estimate, a 98.35% increase from last year. Sales reached $12.52B, beating the $11.01B estimate, marking a 116.84% increase from the previous year.
March 20, 2024 | 10:32 am
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PDD Holdings reported a significant beat on both earnings and sales estimates for Q4, with earnings per ADS at $2.40 and sales at $12.52B.
The substantial beat on both earnings and sales estimates, coupled with the impressive year-over-year growth, is likely to positively influence investor sentiment and drive short-term price appreciation.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100