2024-03-22 09:00:00 ET
Summary
- Wednesday, PDD Holdings Inc. put out its Q4 earnings, beating EPS estimates by a whopping 45%.
- Revenue grew 123% and earnings grew 146%.
- Nevertheless, the stock dropped 7.2% after the release came out.
- Some people may have found the numbers "suspiciously good," but I see little reason to doubt them after looking at accounts receivable/sales and related quality metrics.
- PDD Holdings Inc. stock's bizarre post-earnings reaction is a buying opportunity.
Wednesday, PDD Holdings Inc. ( PDD ) released its fourth quarter earnings and easily surpassed what analysts were expecting. Revenue came in at $12.35 billion, up 123%, a beat by $1.5 billion. Earnings per share (“EPS”) came in at $2.41, up 146% and a beat by $0.75 . In case you didn’t catch that last bit: earnings were a full 46% ahead of what analysts had been expecting!...
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PDD Holdings' Post Earnings Plunge: A Buy Opportunity (Rating Upgrade)