Duolingo (DUOL) Stock Jumps 13% After Q4 Outlook Tops Estimates
Photo: CoinCentral
TLDR Duolingo stock rose about 13% in late trading Tuesday to $144.44. Q3 EPS of 54 cents missed estimates, but revenue of $309 million beat. Daily active users grew 29% to 64.9 million, up from 23% growth in Q2. Q4 revenue is guided to $322 million, with bookings expected at $382 million. The stock was indicated near $147 in Wednesday premarket trading. Duolingo (DUOL) stock jumped about 13% in late trading Tuesday after the language app raised its fourth-quarter outlook. The move came right after a rough day for the stock.
Source: CoinCentral
