Benzinga | Nov 12, 2020 07:08AM EST

Recap: Pinduoduo Q3 Earnings



Shares of Pinduoduo (NASDAQ:PDD) moved higher by 18.5% in pre-market trading after the company reported Q3 results.

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.

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.