The U.S.-listed shares of PDD Holdings Inc. PDD tumbled 13.6% toward a four-month low in premarket trading Monday, after the China-based mobile marketplace reported fourth-quarter profit and revenue that rose less than expected. Net income rose to RMB9.45 billion , or RMB6.52 per American depositary shares , from RMB6.62 billion, or RMB4.66 per ADS, in the year-ago period. Excluding nonrecurring items, adjusted earnings per ADS of RMB8.34 was below the FactSet consensus of RMB8.57.
6% toward a four-month low in premarket trading Monday, after the China-based mobile marketplace reported fourth-quarter profit and revenue that rose less than expected. Net income rose to RMB9.45 billion , or RMB6.52 per American depositary shares , from RMB6.62 billion, or RMB4.66 per ADS, in the year-ago period. Excluding nonrecurring items, adjusted earnings per ADS of RMB8.34 was below the FactSet consensus of RMB8.57. Revenue jumped 46.2% to RMB39.