PDD Holdings Q4 Profit Rises 43%
RTTNews
|
710 days ago

(RTTNews) - PDD Holdings, Inc. (PDD) reported on Monday that fourth-quarter net income attributable to ordinary shareholders grew 43 percent to RMB9.45 billion or $1.37 billion), from RMB6.62 billion in the prior-year quarter. Earnings per ADS were RMB6.52 or $0.95, up from RMB4.66 a year ago.
Excluding items, adjusted net income attributable to ordinary shareholders was RMB12.11 billion or $1.76 billion, compared to RMB8.44 billion in the year-ago quarter. Adjusted earnings per ADS was RMB8.34 or $1.21, compared to RMB5.88 last year.
Total revenues for the quarter increased 46 percent to RMB39.82 billion or $5.77 billion, from RMB27.23 billion in the same quarter last year.
read more
Bay Street Seen Opening Higher
Canadian shares may open higher on Thursday, on strong results from Royal Bank of Canada and higher crude oil prices.
Weak bullion prices, and worries about U.S. tariffs may hurt sentiment and limit market's upside.
RTTNews
|
5h 2min ago
Pound Rises As Traders Await Trump-Starmer Meet
The British pound strengthened against other major currencies in the European session on Thursday, as the U.S. President Donald Trump and British Prime Minister Keir Starmer are expected to meet and then have a joint press conference.
RTTNews
|
6h 26min ago
Pound Rises Against Majors
The British pound strengthened against other major currencies in the European session on Thursday.
RTTNews
|
7h 0min ago
Eurozone Economic Confidence Rises To 5-Month High
Eurozone economic confidence strengthened to a five-month high in February on improvements in industry and among consumers, a closely watched survey revealed Thursday. The economic confidence index registered 96.3 in February, up from 95.3 in the previous month, survey data from the European Commission revealed. The reading was above economists' forecast of 96.0.
RTTNews
|
7h 5min ago
FTSE 100 Modestly Higher On Earnings
U.K. stocks are up in positive territory Thursday morning, outperforming peers, as investors react to a slew of earnings updates. Worries about global economic growth in the wake of fresh tariff threats by U.S. President Donald Trump limit market's upside a bit.
RTTNews
|
7h 20min ago
Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the European session on Thursday.
RTTNews
|
7h 23min ago
Sensex, Nifty End Narrowly Mixed; Financials Surge
Indian shares ended a choppy session little changed on Thursday as the dollar and Treasury yields climbed on concerns over U.S. trade tariffs on Europe, Canada, and Mexico.
RTTNews
|
7h 36min ago
CAC Modestly Lower On Weak Global Cues; Engie Rises On Upbeat Earnings
The French stock market is down in negative territory Thursday morning as fresh tariff threats by U.S. President Donald Trump render the mood bearish. The market is also digesting a slew of corporate earnings updates.
RTTNews
|
7h 52min ago