Benzinga | Nov 26, 2021 06:38AM EST

Pinduoduo Q3 EPS $0.34 May Not Compare To $0.02 Estimate, Sales $3.34B Miss $4.16B Estimate

Pinduoduo (NASDAQ:PDD) reported quarterly earnings of $0.34 per share which beat the analyst consensus estimate of $0.02 by 1600 percent. This is a 580 percent increase over earnings of $0.05 per share from the same period last year. The company reported quarterly sales of $3.34 billion which missed the analyst consensus estimate of $4.16 billion by 19.77 percent. This is a 59.46 percent increase over sales of $2.09 billion the same period last year.