Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Pinduoduo Stock Is Soaring Higher Today

TheMotleyFool

0 0

Why Pinduoduo Stock Is Soaring Higher Today: https://g.foolcdn.com/editorial/images/710888/smiling-person-views-chart-on-computer-screen.jpg

Shares of Pinduoduo Inc. (NASDAQ: PDD), a Chinese e-commerce company, were rising fast this morning after the company reported better-than-expected third-quarter results.

The e-commerce stock was up by 15.2% as of 10:20 a.m. ET.

Pinduoduo's third-quarter revenue increased 65% from the year-ago quarter to $4.99 billion, outpacing Wall Street's consensus estimate of $4.31 billion.

Source Fool.com

Like: 0

PDD

Share