Benzinga | Aug 21, 2020 10:28AM EDT

Recap: Pinduoduo Q2 Earnings

Shares of Pinduoduo (NASDAQ:PDD) decreased 11% after the company reported Q2 results.

Quarterly Results

Earnings per share rose 75.00% year over year to ($0.01), which beat the estimate of ($0.20).

Revenue of $1,725,900,000 higher by 62.51% from the same period last year, which missed the estimate of $1,750,000,000.

Outlook

Pinduoduo hasn't issued any earnings guidance for the time being.

Pinduoduo hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Aug 21, 2020

Time: 07:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/mgmbx4j5

Technicals

Company's 52-week high was at $98.96

52-week low: $25.25

Price action over last quarter: Up 33.70%

Company Profile

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.