JD.com (NASDAQ: JD) stock fell slightly in Tuesday's trading despite a day of small gains for the broader market. The company's share price closed out the daily trading session down 0.6%, according to data from S&P Global Market Intelligence. Meanwhile, the Nasdaq Composite index closed out the daily session up 0.3% and the S 500 index was up 0.1%.

While there doesn't appear to have been any business-specific news pushing JD's share price down, it looks like the company's valuation saw some downward pressure stemming from a competitor's strong earnings results. Pinduoduo (NASDAQ: PDD) posted very impressive third-quarter results before the market opened today, and the performance could hint at potential pressures for JD.

Pinduoduo's Q3 results crushed the market's expectations, and investors may be worried about what the strong results mean for JD. Pinduoduo recorded non-GAAP (adjusted) earnings per American depositary share of $1.55 on revenue of $9.44 billion. Meanwhile, the average analyst estimate had called for the business to post adjusted earnings per share of $1.16 on sales of $7.42 billion.

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Source Fool.com