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PDD Holdings Inc. (PDD) Q2 Earnings Surpass Estimates, Shares Surge 11%
PDD Holdings Inc. (PDD) Q2 Earnings Surpass Estimates, Shares Surge 11%
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BTCCSquare news:
PDD Holdings Inc. saw its shares jump over 11% in premarket trading to $141.14 following stronger-than-expected Q2 earnings. Adjusted EPS of RMB22.07 per ADS significantly outpaced estimates of RMB14.80, marking a 38.7% upside surprise.
Revenue climbed 7% year-over-year to RMB103.98 billion ($14.52B), though operating profit declined 21%. The Temu expansion and merchant support initiatives drove growth despite margin pressures, demonstrating resilience in a competitive e-commerce landscape.
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