Benzinga | May 26, 2021 06:36AM EDT

Pinduoduo Q1 Adj. EPS $(0.23) Beats $(0.42) Estimate, Sales $3.38B Beat $3.15B Estimate

Pinduoduo (NASDAQ:PDD) reported quarterly losses of $(0.23) per share which beat the analyst consensus estimate of $(0.42) by 45.24 percent. This is a 41.03 percent increase over losses of $(0.39) per share from the same period last year. The company reported quarterly sales of $3.38 billion which beat the analyst consensus estimate of $3.15 billion by 7.40 percent. This is a 266.22 percent increase over sales of $923.77 million the same period last year.