Read more
16:47 · 12 November 2020

Pinduoduo stock jumps over 20% on Q3 results

Pinduoduo
Shares
PDD.US, Pinduoduo Inc - ADR
-
-
Pinduoduo (PDD.US) stock rose over 20% after China's third-largest e-commerce company reported quarterly earnings of 5 cents per share on revenue of 2.1 billion compared to estimates of a loss per share of 17 cents on revenue of $1.86 billion. Revenues from online marketing services and others increased 92%  and transaction services sales were up 66%. "This quarter we continued to invest in user engagement, which resulted in strong growth of MAUs and active buyers,” says CEO Lei Chen. “Our strategic priorities are informed by the changes in consumer habits that we observe and anticipate. We continue to innovate in order to meet such needs, especially in the agricultural industry." Average monthly active users increased 50% to 643.4M, and active buyers for the 12-month period were up 36% to 731.3M.
Pinduoduo (PDD.US) stock launched today's session with a massive bullish price gap however buyers failed to break above the $138.00 level and price pulled back. The nearest support lies at $117.00. Source: xStation5
29 October 2025, 16:31

Upcoming Meta earnings: will the AI transformation be well received by the market? 🔎

29 October 2025, 15:05

Boeing After Earnings: 777X delayed yet again

29 October 2025, 14:50

US commits to invest $80 billion in nuclear energy 🗽Cameco surges 20% amid Westinghouse deal

29 October 2025, 14:31

Alphabet 3Q25 preview - what can we expect?

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Join over 1.7 Million investors from around the world