Temu Parent PDD Earnings Fall Short of Expectations. Why the Stock Is Rising.

PDD Holdings stock was rising early Wednesday after the Temu parent’s fourth-quarter earnings fell short of expectations. The Chinese e-commerce giant reported adjusted earnings of $2.53 a share on revenue of $17.7 billion—up 12% from the same period last year. Analysts polled by FactSet had expected earnings per share of $3.03 on revenue of $18 billion.