Benzinga | Nov 12, 2020 06:56AM EST

Pinduoduo Q3 EPS $0.05 Beats $(0.17) Estimate, Sales $2.09B Beat $1.86B Estimate

Pinduoduo (NASDAQ:PDD) reported quarterly earnings of $0.05 per share which beat the analyst consensus estimate of $(0.17) by 129.41 percent. This is a 125 percent increase over losses of $(0.20) per share from the same period last year. The company reported quarterly sales of $2.09 billion which beat the analyst consensus estimate of $1.86 billion by 12.53 percent. This is a 99.14 percent increase over sales of $1.05 billion the same period last year.