PDD Holdings Q4 Profit Rises 43%
(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.
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U.S. Pending Home Sales Plunge To All-Time Low In January
A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. plunged by much more than expected in the month of January, extending the sharp pullback seen in December. NAR said its pending home sales index dove 4.6 percent to an all-time low of 70.6 in January after tumbling 4.1 percent to a revised 74.0 in December.
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Pred 5 h 10 min
U.S. Durable Goods Orders Rebound In January As Aircraft Demand Skyrockets
Reflecting a substantial rebound by orders for transportation equipment, the Commerce Department released a report on Thursday showing new orders for U.S. manufactured durable goods surged by more than expected in the month of January. The Commerce Department said durable goods orders shot up by 3.1 percent in January after tumbling by a revised 1.8 percent in December.
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Pred 6 h 10 min
U.S. Jobless Claims Climb More Than Expected To Two-Month High
The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits climbed much more than expected in the week ended February 22nd. The report said initial jobless claims rose to 242,000, an increase of 22,000 from the previous week's revised level of 220,000. Economists had expected initial jobless claims to inch up to 221,000.
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Pred 6 h 36 min
U.S. Q4 GDP Growth Unrevised At 2.3%
A report released by the Commerce Department on Thursday showed the U.S. economy grew in line with its preliminary estimate in the fourth quarter of 2024.
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Pred 7 h 48 min
U.S. Durable Goods Orders Rebound More Than Expected In January
Reflecting a substantial rebound by orders for transportation equipment, the Commerce Department released a report on Thursday showing new orders for U.S. manufactured durable goods surged by more than expected in the month of January.
RTTNews
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Pred 7 h 52 min
U.S. Weekly Jobless Claims Climb Much More Than Expected
The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits climbed much more than expected in the week ended February 22nd.
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Pred 7 h 56 min
Eurozone Lending To Private Sector Strengthens
Eurozone lending to the private sector increased at a faster pace in January as interest rate cuts boosted demand for loans from businesses and households, data from the European Central Bank revealed Thursday. Claims on the private sector expanded 2.0 percent from a year ago, faster than the 1.7 percent rise in December.
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Pred 8 h 23 min
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.
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Pred 8 h 30 min
