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Shares of Pinduoduo (NASDAQ:PDD) moved higher by 18.5% in pre-market trading after the company reported Q3 results.
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Quarterly Results
Earnings per share were up 125.00% year over year to $0.05, which beat the estimate of ($0.17).
Revenue of $2,093,000,000 up by 99.14% year over year, which beat the estimate of $1,860,000,000.
Outlook
Pinduoduo hasn't issued any earnings guidance for the time being.
Revenue guidance hasn't been issued by the company for now.
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Conference Call Details
Date: Nov 12, 2020
Time: 07:30 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/ydsjn9ax
Price Action
52-week high: $116.79
52-week low: $30.20
Price action over last quarter: Up 58.86%
Company Description
Pinduoduo Inc provides a platform for buyers with value-for-money merchandise and fun and interactive shopping experiences. The company mobile platform offers a comprehensive selection of priced merchandise, featuring a social shopping experience that leverages social networks as an effective and efficient tool for buyer acquisition and engagement. The company's whole revenue is derived from within the People's Republic of China.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.