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PDD Holdings Stock Plummets 20% in Q1 Earnings Disappointment, Trading Volume Ranks 67th
Generated by AI AgentAinvest Volume Radar
Friday, May 30, 2025 7:59 pm ET1min read
On May 30, 2025,
Inc. (PDD) experienced a decline of 1.81% in its stock price, with a trading volume of 16.55 billion, ranking 67th in the day's market activity.PDD Holdings Inc. faced a significant setback this week as its stock price dropped nearly 20% following the release of its Q1 earnings report. The disappointing results, which included a nearly 50% drop in profit, were attributed to the impact of U.S. tariffs on its popular e-commerce platform, Temu, and its parent company.
Analysts had anticipated a path to recovery for
Holdings after a 20% contraction in earnings per share (EPS) in 2024. However, the Q1 results fell short of expectations, with earnings reported at 11.41 CNY, further dampening investor sentiment.
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