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PDD Stock Falls After Temu Parent Posts Mixed Q3 Results

by FeeOnlyNews.com
3 months ago
in Business
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PDD Stock Falls After Temu Parent Posts Mixed Q3 Results
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Temu parent company PDD Holdings (PDD) posted third-quarter revenue slightly below estimates, as the Chinese e-commerce company said it is facing stepped up competition. U.S.-listed PDD stock s trading despite posting earnings that beat Wall Street forecast. PDD said in a news release early Tuesday that it earned an adjusted 21.08 yuan per American depositary share for the September-ended quarter,…



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