By Elsa Ohlen
PDD Holdings stock fell after the Chinese e-commerce giant and Temu owner posted quarterly earnings below expectations early Thursday.
Diluted fourth-quarter earnings were 18.53 yuan ($2.41) per American-listed share on revenue of 110.6 billion yuan ($15.2 billion), missing analysts' expectations of earnings of 19.85 yuan per share on revenue of 113.6 billion yuan, according to FactSet data.
Revenue increased 24% from the same period last year, primarily driven by strong online marketing services and transaction services, PDD said.
PDD stock dropped 28% in the final quarter of 2024, but had just about recovered those losses so far this year through Wednesday's close.
Write to Elsa Ohlen at elsa.ohlen@barrons.com
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(END) Dow Jones Newswires
March 20, 2025 07:06 ET (11:06 GMT)
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