PDD (PDD) reported Q2 non-GAAP earnings Monday of 19.33 Chinese renminbi ($2.88) per diluted American depositary share, down from 22.07 renminbi a year earlier.

Analysts polled by FactSet expected 18.45 renminbi.

Revenue for the quarter ended June 30 was 112.36 billion renminbi, compared with 103.99 billion renminbi a year earlier.

Analysts expected 115.09 billion renminbi.

The company's shares were up 1% in premarket activity.