Pinduoduo (PDD) Stock: Why The Price Jumped Up Today

By Amit Chowdhry ● Mar 21, 2022
  • The stock price of Pinduoduo Inc (NASDAQ: PDD) increased by over 5% pre-market today. This is why.

The stock price of Pinduoduo Inc (NASDAQ: PDD) increased by over 5% pre-market today. This is why. Investors are responding to the company’s fourth-quarter results. The company reported a Q4 EPS of $0.92, which was $0.57 better than analyst estimates of $0.35. And the revenue for the quarter was $4.27 million compared to the consensus estimate of $4.73 million.

The total revenue for the quarter was 27.23 billion yuan ($4.29 billion), which was below estimates of 30.10 billion yuan. And Gross merchandise value (GMV) was 2,441 billion yuan last year, up 46% from 2020.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.