Temu owner’s shares rise as results beat estimates despite tumbling profits

PDD Holdings reported a 12% decline in net profits in the three months ended June 30, surpassing Wall Street consensus.

Chinese e-commerce discounter PDD Holdings PDD.O on Monday reported an 8 per cent rise in second-quarter revenue, missing market estimates, hampered by price competition at home and regulatory challenges abroad.

Temu Owner’s Profit Falls but Beats Expectations  WSJ

Roofing Industries is expected to deliver strong volume growth for Vulcan.