Mccoy
2021-11-26
I will avoid Chinese companies. Not for the faint hearted.
Pinduoduo Shares Plunge On Revenue Miss, Allocates All Profits From Q3 To '10 Billion Agriculture Initiative'
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Not for the faint hearted.","highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/877202563","repostId":2186107310,"repostType":4,"repost":{"id":"2186107310","kind":"highlight","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1637930345,"share":"https://www.laohu8.com/m/news/2186107310?lang=&edition=full","pubTime":"2021-11-26 20:39","market":"us","language":"en","title":"Pinduoduo Shares Plunge On Revenue Miss, Allocates All Profits From Q3 To '10 Billion Agriculture Initiative'","url":"https://stock-news.laohu8.com/highlight/detail?id=2186107310","media":"Benzinga","summary":"Pinduoduo Inc (NASDAQ: PDD) ","content":"<p><b>Pinduoduo Inc </b>(NASDAQ:PDD) reported third-quarter FY21 revenue growth of 51% year-on-year to $3.3 billion, missing the consensus of $4.2 billion.</p>\n<ul>\n <li>Average monthly active users rose 15% Y/Y<b> </b>to 741.5 million.</li>\n <li>Active buyers in the twelve months ended September 30 increased 19% Y/Y to 867.3 million.</li>\n <li>Revenues from online marketing services and others rose 44% Y/Y to $2.8 billion.</li>\n <li>Revenues from transaction services jumped 161% Y/Y to $539.6 million.</li>\n <li>Revenues from merchandise sales declined 79% Y/Y to $12.7 million.</li>\n <li>Pinduoduo posted a non-GAAP operating profit of $506.1 million.</li>\n <li>Non-GAAP earnings per ADS of $0.34 beat the consensus of $0.02.</li>\n <li>Pinduoduo held $15.2 billion in cash and equivalents and generated $1.4 billion in operating cash flow.</li>\n <li>\"We are placing more focus on investments in R&D, away from the previous emphasis on sales and marketing in our first five years,\" Chair and CEO Lei Chen said. \"We want to 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20:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>Pinduoduo Inc </b>(NASDAQ:PDD) reported third-quarter FY21 revenue growth of 51% year-on-year to $3.3 billion, missing the consensus of $4.2 billion.</p>\n<ul>\n <li>Average monthly active users rose 15% Y/Y<b> </b>to 741.5 million.</li>\n <li>Active buyers in the twelve months ended September 30 increased 19% Y/Y to 867.3 million.</li>\n <li>Revenues from online marketing services and others rose 44% Y/Y to $2.8 billion.</li>\n <li>Revenues from transaction services jumped 161% Y/Y to $539.6 million.</li>\n <li>Revenues from merchandise sales declined 79% Y/Y to $12.7 million.</li>\n <li>Pinduoduo posted a non-GAAP operating profit of $506.1 million.</li>\n <li>Non-GAAP earnings per ADS of $0.34 beat the consensus of $0.02.</li>\n <li>Pinduoduo held $15.2 billion in cash and equivalents and generated $1.4 billion in operating cash flow.</li>\n <li>\"We are placing more focus on investments in R&D, away from the previous emphasis on sales and marketing in our first five years,\" Chair and CEO Lei Chen said. \"We want to leverage our strength in technology to deepen our digital inclusion efforts in agriculture and will allocate all profits from the third quarter to the '10 Billion Agriculture Initiative'.\"</li>\n <li>\"Meanwhile, we are seeing the younger generation maturing quickly and will promote more young leaders to critical roles in the next six to 12 months,\" Mr. Chen added.</li>\n <li><b>Price Action:</b> PDD shares traded lower by 15.6% at $68.77 in the premarket session on the last check Friday.</li>\n</ul>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PDD":"拼多多"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2186107310","content_text":"Pinduoduo Inc (NASDAQ:PDD) reported third-quarter FY21 revenue growth of 51% year-on-year to $3.3 billion, missing the consensus of $4.2 billion.\n\nAverage monthly active users rose 15% Y/Y to 741.5 million.\nActive buyers in the twelve months ended September 30 increased 19% Y/Y to 867.3 million.\nRevenues from online marketing services and others rose 44% Y/Y to $2.8 billion.\nRevenues from transaction services jumped 161% Y/Y to $539.6 million.\nRevenues from merchandise sales declined 79% Y/Y to $12.7 million.\nPinduoduo posted a non-GAAP operating profit of $506.1 million.\nNon-GAAP earnings per ADS of $0.34 beat the consensus of $0.02.\nPinduoduo held $15.2 billion in cash and equivalents and generated $1.4 billion in operating cash flow.\n\"We are placing more focus on investments in R&D, away from the previous emphasis on sales and marketing in our first five years,\" Chair and CEO Lei Chen said. \"We want to leverage our strength in technology to deepen our digital inclusion efforts in agriculture and will allocate all profits from the third quarter to the '10 Billion Agriculture Initiative'.\"\n\"Meanwhile, we are seeing the younger generation maturing quickly and will promote more young leaders to critical roles in the next six to 12 months,\" Mr. Chen added.\nPrice Action: PDD shares traded lower by 15.6% at $68.77 in the premarket session on the last check Friday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":230,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":49,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/877202563"}
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