06:51 AM EDT, 03/20/2024 (MT Newswires) -- PDD Holdings ( PDD ) reported Q4 non-GAAP earnings Wednesday of 17.32 Chinese renminbi ($2.41) per diluted American depositary share, up from 8.34 renminbi a year earlier.

Analysts polled by Capital IQ expected 11.89 renminbi.

Revenue for the quarter ended Dec. 31 was 88.88 billion renminbi, up from 39.82 billion renminbi a year earlier.

Analysts surveyed by Capital IQ expected 78.05 billion renminbi.

Shares of the company were up 13% in recent Wednesday premarket activity.

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