Pdd Stock Price Drops After Revenue Misses Expectations
Pdd Stock PDD Stock Price Drops After Revenue Misses Expectations Key Takeaways PDD stock price dropped 14% on Friday after the company reported weaker-than-expected revenue in its latest earnings report. The company's revenue came in at $3.4 billion, below the consensus estimate of $3.5 billion. PDD attributed the revenue miss to slower-than-expected growth in its core e-commerce business. PDD Stock Price Drops PDD stock price fell sharply on Friday after the company reported weaker-than-expected revenue in its latest earnings report. The company's revenue came in at $3.4 billion, below the consensus estimate of $3.5 billion. PDD attributed the revenue miss to slower-than-expected growth in its core e-commerce business. Revenue Miss PDD's revenue growth has slowed in recent quarters as the company faces increased competition from rivals such as Alibaba and JD.com. In the latest quarter, PDD's revenue growth decelerated...