PDD Holdings Inc., (PDD) released earnings for its third quarter that Increased from the same period last year and beat the Street estimates.
The company's earnings totaled RMB29.328 billion, or RMB19.70 per share. This compares with RMB24.980 billion, or RMB16.91 per share, last year.
Excluding items, PDD Holdings Inc., reported adjusted earnings of RMB31.381 billion or RMB21.08 per share for the period.
Analysts on average had expected the company to earn RMB16.57 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 9.0% to RMB108.276 billion from RMB99.354 billion last year.
PDD Holdings Inc., earnings at a glance (GAAP) :
-Earnings: RMB29.328 Bln. vs. RMB24.980 Bln. last year.-EPS: RMB19.70 vs. RMB16.91 last year.-Revenue: RMB108.276 Bln vs. RMB99.354 Bln last year.
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