PDD (PDD) News Today

PDD Holdings Inc. (NASDAQ:PDD) shares are down today after mixed first-quarter results and growing tariff pressures weighed on profitability.

• First-quarter revenue rose 10% year-over-year to RMB95.7 billion (US $13.2 billion), reflecting continuing top-line momentum.
• Jefferies retained its “buy” rating on PDD and set a $121 price target, implying roughly 17.5% upside from current levels.

• PDD was named among “Promising Apparel Stocks to Keep an Eye On” by MarketBeat’s screener tool.
• Management attributed the profit decline to a challenging external environment and strategic ecosystem investments designed for long-term growth.
• Cash and short-term investments remain robust at RMB364.5 billion (US $50.2 billion), supporting continued marketing and merchant-support initiatives.

• Reported EPS of $1.37 fell short of the $2.49 consensus, triggering a sharp sell-off.
• Operating profit plunged 38% and net income declined 47%, hurt by higher fulfillment, marketing expenses and U.S. tariff costs.
• Profitability at Temu was cut in half and overall revenue growth slowed to a three-year low under new trade barriers.
• Shares gapped down roughly 15% post-earnings as investors reacted to the earnings and uncertain global trade policies.
• Several analysts trimmed earnings forecasts and revised down price targets amid concerns over slower growth and rising costs.