Name: PDD Holdings (PDD) Jumps On 2Q Earnings, Consumer Sentiment Shift
Uploaded: 2023-08-29T19:08:42.557
Duration: 5 min 57 s

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PDD Holdings (PDD) jumps on 2Q earnings. Its adjusted EPS came in at $1.24 versus an estimated $1.12 and revenue came in at $7.21B versus an estimated $6.14B. PDD’s co-CEO “saw positive shift in consumer sentiment.” Its revenue growth came in at 66.3% and gross margin came in at 64.3%. Alex Coffey and Jenny Horne discuss this move in PDD. They also compare PDD to other China stocks including BABA, JD, and TCEHY. Tune in to find out more about the stock market today.

PDD Holdings (PDD) Jumps On 2Q Earnings, Consumer Sentiment Shift

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