Temu-owner PDD Holdings beats profit expectations, outlook uncertain
Yahoo Finance·2025-11-18 10:37
By Deborah Mary Sophia and Casey Hall (Reuters) -China's PDD Holdings beat forecasts on Tuesday with a 14% rise in third-quarter adjusted earnings, a sign that the e-commerce group's steep discounts and heavy marketing spending bolstered demand in its home market. Adjusted earnings per share of 21.08 yuan ($2.97) topped analysts' average forecast of 16.84 yuan. However, U.S.-listed shares of the company, which runs the Pinduoduo platform in China and Temu internationally, were down about 5% in early t ...