PDD Holdings Stock Slides Nearly 20% After Earnings Miss, Margin Pressure
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PDD Holdings' stock fell 19.4% to $95.60 after disappointing Q1 results, with revenue at $13.18 billion, below the $14.17 billion estimate. Adjusted earnings per ADS dropped to $1.56, missing the expected $2.49, and operating margins fell from 32.9% to 19.1%. Management cited investments in merchant support as a long-term strategy. Analysts reacted by cutting price targets, with Benchmark lowering it from $160 to $128. Concerns over international revenue and margin pressure have reversed earlier positive sentiment amid U.S.-China trade tensions.
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Source: Benzinga The copyright of this article belongs to the original author/organization.
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