Benzinga | Aug 21, 2020 06:02AM EDT

Pinduoduo Q2 Adj. EPADS $(0.01) Beats $(0.20) Estimate, Sales $1.73B Miss $1.75B Estimate

Pinduoduo (NASDAQ:PDD) reported quarterly losses of $(0.01) per share which beat the analyst consensus estimate of $(0.20) by 95 percent. This is a 75 percent increase over losses of $(0.04) per share from the same period last year. The company reported quarterly sales of $1.73 billion which missed the analyst consensus estimate of $1.75 billion by 1.38 percent. This is a 62.51 percent increase over sales of $1.06 billion the same period last year.