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<Results>PDD (PDD.US) Dives 7%+ as 3Q Revenue Misses
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E-commerce platform Temu's parent company Pinduoduo (PDD.US) saw its stock price slump by 7.3% on Tuesday's close, as the company's 3Q revenue trailed behind market expectations. The company announced that its revenue for the third quarter ending September 30 was RMB108.28 billion, below the market expectation of RMB108.41 billion. Adjusted net profit was RMB31.38 billion, up 14% YoY, and adjusted EPS was RMB21.08, above the expected RMB16.84. AASTOCKS Financial News Website: www.aastocks.com |
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