PDD Holdings Stock Sinks as Temu Parent's Results Come Up Well Short
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Temu Parent PDD Does Not Mention Tariffs Impact, Blames 'External Environment' And 'Ecosystem Investments' For Profit Plunge - PDD Holdings (NASDAQ:PDD)
PDD Holdings Inc. stock falls in premarket after reporting fiscal Q1 2025 results, missing revenue estimates and experiencing a decline in profitability due to investments in platform ecosystem.
·New York, United States
Read Full ArticlePDD Holdings Stock Sinks as Temu Parent's Results Come Up Well Short
KEY TAKEAWAYS Shares of PDD Holdings are sinking Tuesday after the parent of the Temu shopping site posted first-quarter results that widely undershot analysts’ estimates as the Chinese company grapples with the trade war. PDD Co-CEO Lei Chen said investments in its "platform ecosystem"…
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