NEW YORK, NY / ACCESSWIRE / August 27, 2024 / If you suffered a loss on your PDD Holdings Inc. f/k/a Pinduoduo Inc. (NASDAQ:PDD) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
PDD Holdings Inc. reported stronger-than-expected profits but missed revenue estimates, with management indicating slower growth ahead, causing a significant share price drop. Despite the revenue miss, PDD's year-over-year growth was over 80%, and earnings per share surged by 122%, showcasing robust profitability. Previously rated as a "Buy" due to strong growth driven by Temu, PDD's substantial China exposure remains a risk factor.
NEW YORK, NY / ACCESSWIRE / August 27, 2024 / If you suffered a loss on your PDD Holdings Inc. f/k/a Pinduoduo Inc. (NASDAQ:PDD) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
The Temu owner was hit with a flurry of analyst price target cuts. One pundit even downgraded her recommendation.
NEW YORK, NY / ACCESSWIRE / August 27, 2024 / If you suffered a loss on your PDD Holdings Inc. f/k/a Pinduoduo Inc. (NASDAQ:PDD) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
NEW YORK, NY / ACCESSWIRE / August 27, 2024 / If you suffered a loss on your PDD Holdings Inc. f/k/a Pinduoduo Inc. (NASDAQ:PDD) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
NEW YORK, NY / ACCESSWIRE / August 27, 2024 / If you suffered a loss on your PDD Holdings Inc. f/k/a Pinduoduo Inc. (NASDAQ:PDD) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
NEW YORK, NY / ACCESSWIRE / August 27, 2024 / If you suffered a loss on your PDD Holdings Inc. f/k/a Pinduoduo Inc. (NASDAQ:PDD) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
NEW YORK, NY / ACCESSWIRE / August 27, 2024 / If you suffered a loss on your PDD Holdings Inc. f/k/a Pinduoduo Inc. (NASDAQ:PDD) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
LOS ANGELES, CA / ACCESSWIRE / August 27, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against PDD Holdings Inc. f/k/a Pinduoduo Inc. ("PDD" or "the Company") (NASDAQ:PDD) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between April 30, 2021 and June 25, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before October 15, 2024.
Yesterday, PDD Holdings released its second quarter earnings, beating on revenue and narrowly missing on EPS. The stock sold off by nearly 30% despite the beat, as management sounded downbeat about future prospects on the earnings call. It's important to note that PDD gave lukewarm guidance on several of its previous earnings calls, and after each one, delivered high growth and margins.
PDD's Q2 earnings report revealed a shift toward high-quality brands, leading to a 30% stock price drop due to long-term margin concerns and no share buybacks. Despite market confusion, PDD's non-GAAP operating margin surpassed Alibaba's, suggesting a strategic move to challenge Alibaba's dominance soon. Management's confidence in their strategy is evident from increased merchant participation and cash reserves, indicating readiness for competitive challenges.