US Stock Market Move | Dingdong (Cayman) Ltd. Sponsored ADR Class A (DDL.US) rises more than 6%, achieving Non-GAAP profit for 11 consecutive quarters.
On Friday, Dingdong Maicai (DDL.US) rose more than 6%, reaching $2.36.
On Friday, Dingdong (Cayman) Ltd. Sponsored ADR Class A (DDL.US) rose more than 6%, closing at $2.36. The financial report shows that Dingdong (Cayman) Ltd. Sponsored ADR Class A Q2 revenue reached 5.98 billion yuan, an increase of 6.7% year-on-year; GMV was 6.5 billion yuan, a year-on-year increase of 4.5%; and the total number of orders increased by 5.5% year-on-year. Dingdong (Cayman) Ltd. Sponsored ADR Class A achieved a net profit of 1 billion yuan, a year-on-year increase of 59.7%, marking the sixth consecutive profitable quarter. Non-GAAP net profit under standards was 1.3 billion yuan, a year-on-year increase of 23.9%, marking 11 consecutive quarters of Non-GAAP profitability.
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