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Temu parent PDD Holdings Inc (NASDAQ:PDD) reported fiscal second-quarter 2024 revenue growth of 86% year-on-year to $13.36 billion (97.06 billion Chinese yuan), missing the analyst consensus estimate of $14.02 billion. The Chinese online retailer’s adjusted earnings per ADS of $3.20 (23.24 Chinese yuan) increased from 10.47 Chinese yuan Y/Y, beating the analyst consensus estimate of $2.73. The stock plunged after the print. Revenues from online marketing services and others rose 29% Y/Y to $6.76 billion. Revenues from transaction services jumped 234% Y/Y to $6.6 ...


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