Benzinga | Aug 24, 2021 07:24AM EDT

Pinduoduo Q2 Adj. EPS $0.44, Sales $3.57B Miss $4.20B Estimate

Pinduoduo (NASDAQ:PDD) reported quarterly earnings of $0.44 per share which beat the analyst consensus estimate of $(0.15) by 393.33 percent. This is a 4500 percent increase over losses of $(0.01) per share from the same period last year. The company reported quarterly sales of $3.57 billion which missed the analyst consensus estimate of $4.20 billion by 14.93 percent. This is a 106.79 percent increase over sales of $1.73 billion the same period last year.