US Stock Movement | Dingdong (Cayman) Limited (DDL.US) Surges Over 6% as Company Achieves 11 Consecutive Quarters of Non-GAAP Profitability
Stock News
Aug 22
On Friday, Dingdong (Cayman) Limited (DDL.US) climbed over 6% to $2.36. According to the financial results, Dingdong recorded Q2 revenue of 5.98 billion yuan, representing a 6.7% year-over-year increase. The company's GMV reached 6.5 billion yuan, up 4.5% compared to the same period last year, while total orders grew 5.5% year-over-year. Dingdong achieved net profit of 100 million yuan, marking a 59.7% year-over-year increase and the sixth consecutive quarter of profitability. Under Non-GAAP standards, the company reported net profit of 130 million yuan, up 23.9% year-over-year, achieving Non-GAAP profitability for the 11th consecutive quarter.
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