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Duolingo Climbs 2.43% as Investors Look Ahead to Earnings
The shares rose in the latest session, while Zacks estimates point to lower quarterly earnings per share and higher revenue.
Key takeaways
- Duolingo shares closed up 2.43% at $151.73.
- Zacks forecasts quarterly EPS of $0.55, down 42.11% year over year.
- Zacks estimates quarterly revenue of $303.79 million, up 11.8% year over year.
Duolingo shares rose 2.43% to close at $151.73 in the latest session, while the S&P 500 fell 0.22%.
Ahead of the company’s upcoming earnings report, Zacks estimates earnings of $0.55 per share for the quarter, a 42.11% decline from the same quarter last year. Its revenue estimate is $303.79 million, up 11.8%.
For the full year, Zacks projects earnings of $2.62 per share and revenue of $1.21 billion. Those estimates represent a 69.43% decline in earnings and 16.44% growth in revenue from the prior year.
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Further reading
This article was produced with the help of AI technology. Source: Yahoo Finance
