PDD Holdings (NasdaqGS:PDD) Reports Q4 Sales Growth To ¥110 Billion And Net Income Rising To ¥27 Billion
PDD Holdings recently announced impressive Q4 earnings, reporting a rise in sales to CNY 110,610 million and net income increasing to CNY 27,447 million compared to the previous year. The company’s basic and diluted EPS also improved, marking strong profitability. This robust financial performance likely played a significant role in the company’s stock price climbing 25% over the last quarter. Despite a broader market environment struggling to maintain a rebound, with major indices like the S&P 500 and Nasdaq showing minor declines, PDD’s strong earnings and outlook likely helped it outshine market trends. While the Federal Reserve’s steady interest rates and economic expansion projections influenced investor sentiment, PDD’s…
