Pinduoduo Inc. PDD, -14.94% shares bounced back a bit in after-hours trading Thursday after the Chinese app-maker's first earnings report since going public in July. The stock experienced its worst day of trading so far in Thursday's regular session, falling 14.9% to close at $17.99, but gained about 4% in immediate late trading after reporting second-quarter earnings. Pinduoduo reported losses of $981.4 million, or $2.04 a share, on revenue of $409.4 million. After adjusting for stock-based compensation, which is typically a very large expense in the first quarter after an IPO, and other factors, Pinduoduo claimed a loss of $101.8 million, or 20 cents a share. Pinduoduo -- which offers an e-commerce app focused on group buying facilitated by social media -- raised at least $1.63 billion in its U.S. IPO last month, charging $19 a share for its American Depositary Shares.
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