Pinduoduo Inc. (NASDAQ:PDD) is set to announce second quarter earning results on Friday 21st August 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, PDD to report 2Q20 loss of $ 0.2 per share.
For the full year, analysts anticipate top line of $ 7074.03 million, while looking forward to loss of $ 0.68 per share bottom line.
Previous Quarter Performance
Pinduoduo Inc. communicated loss for the first quarter of $ 0.39 per share, from the revenue of $ 923.77 million. The quarterly revenues increased 54.02 percent compared with the same quarter last year. According to street consensus, PDD was expected to report 1Q20 loss of $ 0.27 per share from revenue of $ 704.20 million. The bottom line results missed street analysts by $ 0.12 or 44.44 percent, at the same time, top line results outshined analysts by $ 219.57 million or 31.18 percent.
Stock Performance
The company has a market capital of $ 116.90 billion and is part of the Consumer Cyclical sector and Specialty Retail industry.
Recent Analyst recommendations
- On 14th July 2020, maintained by KeyBanc at Overweight rating, with $ 100.00 target price.
Conference Call
Pinduoduo Inc. will be hosting a conference call at 7:30 AM eastern time on 21st August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website edge.media-server.com/mmc/p/mgmbx4j5
Pinduoduo Inc., through its subsidiaries, operates an e-commerce platform in the Peoples Republic of China. It operates Pinduoduo, a mobile platform that offers a range of products, including apparel, shoes, bags, mother and childcare products, food and beverage, fresh produce, electronic appliances, furniture and household goods, cosmetics and other personal care items, sports and fitness items, and auto accessories. The company was formerly known as Walnut Street Group Holding Limited and changed its name to Pinduoduo Inc.
