Why Pinduoduo Stock Popped Today

Shares of Pinduoduo NASDAQ: PDD), a Chinese e-commerce platform company, spiked today after the company reported first-quarter earnings and revenue that surpassed Wall Street's average estimates. 

The stock was up 15.2% on Friday. 

Pinduoduo reported adjusted earnings per American depositary share (ADS) of $0.47, compared to a loss of $1.52 in the year-ago quarter and far ahead of analysts' consensus estimate of $0.25 per share. 

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Source Fool.com