Pinduoduo Inc. (NASDAQ: PDD) is slated to report third quarter 2019 earnings results on Wednesday, November 20, before the market opens. Analysts expect the company to report a loss of $0.08 per share on revenue of $1.05 billion.
The increases in monthly active users and active buyers as well as the spending per active buyer are expected to drive revenue growth in the third quarter. Last quarter, all three metrics saw double-digit growth compared to the year-ago period.
Gross merchandise volume (GMV), which measures the total value of all orders placed on the platform, is another important metric to note. Last quarter, GMV increased 171% from the previous year. Last month, Pinduoduo’s founder and chairman Colin Huang said the company’s GMV has surpassed that of competitor JD.com (NASDAQ: JD), although the actual numbers were not disclosed.
Pinduoduo’s low-price business model is another advantage that will help fuel growth. Although the company is still delivering losses, analysts estimate Pinduoduo will achieve profitability in 2020. Last month, the stock gained significantly on reports that the trade tensions between the US and China were slowly easing.
In the second quarter of 2019, Pinduoduo reported an increase in revenue and a narrower-than-expected loss. Revenues jumped 169% to $1.062 billion while adjusted loss was $0.04 per share. Average monthly active users increased 88%.
Pinduoduo’s shares have gained 91% year-to-date and 30% in the past one month. The majority of analysts have rated the stock as Buy and the average price target is $39.62.
Broadcom (NASDAQ: AVGO) reported non-GAAP EPS of $5.14 for the second quarter of 2020 on revenue of $5.74 billion. While the earnings came in line with the analysts' estimates, revenue
Video conferencing platforms and other workplace collaboration tools have become more popular nowadays. With most people confined to their homes, apps that allow us to stay in touch have become
Cloudera (NYSE: CLDR) once again proved its mettle by reporting impressive results for the April-quarter that was mostly marred by the market-turmoil spurred by the virus attack. Though the tech