Pinduoduo (NASDAQ:PDD) reported its Q2 earnings results on Monday, August 29, 2022 at 06:30 AM.
Here’s what investors need to know about the announcement.
Earnings
Pinduoduo beat estimated earnings by 189.74%, reporting an EPS of $1.13 versus an estimate of $0.39.
Revenue was up $1.12 billion from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.22 which was followed by a 15.19% increase in the share price the next day.
Here’s a look at Pinduoduo’s past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.25 | 0.35 | 0.02 | -0.15 |
| EPS Actual | 0.47 | 0.92 | 0.34 | 0.44 |
| Revenue Estimate | 3.05B | 4.76B | 4.16B | 4.20B |
| Revenue Actual | 3.75B | 4.27B | 3.34B | 3.57B |
To track all earnings releases for Pinduoduo visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
