Brace yourselves for the unveiling of PDD Holdings's (NASDAQ: PDD) second quarter financial results on Monday 26th August 2024. This eagerly awaited announcement will take place before market open.
It is anticipated by financial experts on Wall Street that the business is set to announce an estimated $2.72 profit per share for the quarter. Additionally, the firm is expected to disclose a total revenue of $13.99 billion for this period.
During the same quarter of the previous year, the company's earnings report indicated a per-share income of $1.44. Moreover, the company generated a total revenue of $7.21 billion during that specific quarter.
The company's full-year performance projections, as provided by Wall Street analysts, suggest a total revenue of $58.57 billion. Further, they expect the earnings per share to achieve profit of $12.15 for the fiscal year.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Q1 2024 | $2.83 | +180.2% | 12.02 B | +119.4% |
| Q4 2023 | $2.40 | +98.3% | 12.52 B | +116.9% |
| Q3 2023 | $1.55 | +28.1% | 9.44 B | +89.0% |
| Q2 2023 | $1.44 | +27.4% | 7.21 B | +53.6% |
*Growth on year-over-year basis
Additionally, The company will host a conference call with investors and analysts on 26th August 2024 at 07:30 AM eastern time to review the Q2 2024 financial results.
The previous trading day saw PDD Holdings (PDD) shares trading between $138.14 and $145.28, besides a volume of 16.37 million shares. The stock closed Friday's regular trading session at $139.87, demonstrating 4.97 percent drop.
