Here's why Temu stock is crashing

The impact of missed earnings expectations can be severe, as Temu’s parent company, PDD Holdings (NASDAQ: PDD), came to know, experiencing its largest ever one-day drop since its listing on Nasdaq.Namely, on August 26, PDD Holdings released its Q2 earnings report, which posted a miss on expectations with a miss on adjusted earnings-per-share (EPS) of $0.81, compared to expectations of $2.81.Revenue also came in below expectations at $13.35 billion compared to an estimated $13.78 billion, prompting a massive ...