02:23 PM EDT, 08/26/2024 (MT Newswires) -- (Corrects the Capital IQ revenue estimate in the fourth paragraph.)

PDD Holdings ( PDD ) reported Q2 non-GAAP earnings Monday of 23.24 Chinese renminbi ($3.20) per diluted American depositary share, up from 10.47 renminbi a year earlier.

Analysts polled by Capital IQ expected 20.02 renminbi.

Revenue for the quarter ended June 30 was 97.06 billion renminbi, up from 52.28 billion renminbi a year earlier.

Analysts surveyed by Capital IQ expected 100.10 billion renminbi.

PDD Holdings ( PDD ) fell over 13% in recent premarket activity Monday.

Price: 98.95, Change: -40.92, Percent Change: -29.26