Reddit Climbs 2.2%, Outpacing S&P 500 in Latest Session
Reddit shares rose more than the major indexes, while Zacks consensus estimates point to higher earnings and revenue in the upcoming quarter.
Key takeaways
- Reddit closed at $159.91, up 2.2%, versus a 0.6% gain for the S&P 500.
- Zacks consensus estimates call for quarterly EPS of $1.30 and revenue of $886.35 million.
Reddit shares closed at $159.91, up 2.2% in the latest trading session. The stock outpaced the S&P 500, which gained 0.6%; the Dow rose 0.83% and the Nasdaq added 0.64%.
Over the past month, Reddit shares gained 0.73%, trailing the Computer and Technology sector’s 4.03% rise and the S&P 500’s 1.34% advance.
Ahead of Reddit’s upcoming earnings disclosure, Zacks consensus estimates project earnings of $1.30 per share and revenue of $886.35 million. Those estimates represent year-over-year increases of 62.5% and 51.54%, respectively.
This article was produced with the help of AI technology. Source: Yahoo Finance
