Pinduoduo Falls 20% On Q3 Earnings Miss

Pinduoduo PDD shares are trading sharply lower on Wednesday after the company reported worse-than-expected third-quarter EPS and sales results.

The company reported quarterly losses of 20 cents per share, which missed the analyst consensus estimate of an 8-cent loss by 150%.

See Also: Alibaba, JD.com Post Record Singles Day Sales

The company reported quarterly sales of $1.051 billion, which missed the analyst consensus estimate of $1.06 billion by 0.85%.

Pinduoduo shares were trading trading down 22.37% at $31.61 in Wednesday’s pre-market session. The stock has a 52-week high of $45.25 and a 52-week low of $18.46.

Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsPre-Market Outlook
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...