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PDD Stock Sinks on Revenue Warning. Should Investors Buy the Dip?

TheMotleyFool

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PDD Stock Sinks on Revenue Warning. Should Investors Buy the Dip?: https://g.foolcdn.com/editorial/images/788612/great_wall_of_china.jpg

Over the past couple of years, PDD Holdings (NASDAQ: PDD), managed to defy a weakened Chinese e-commerce market and put up stellar growth (even as rivals struggled). It was only after the company reported second-quarter earnings results that warned of challenges ahead that the stock price took a hit.

Let's take a closer look at the company's earnings as well as other issues involving PDD to see if investors should buy this latest dip or stay away.

For its second quarter, PDD reported a revenue jump of 86% year over year to $13.4 billion. Revenue from transaction services surged 234% to $6.6 billion, while revenue from online marketing rose 29% to $6.8 billion.

Source Fool.com

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