Duolingo Q2 EPS $0.08 Beats $(0.19) Estimate, Sales $126.84M Beat $123.87M Estimate
Portfolio Pulse from totan@benzinga.com
Duolingo reported Q2 earnings of $0.08 per share, beating the analyst consensus estimate of $(0.19) by 142.11%. This is a 121.05% increase over losses from the same period last year. The company also reported quarterly sales of $126.84 million, beating the analyst consensus estimate of $123.87 million by 2.40%. This is a 43.51% increase over sales from the same period last year.
August 08, 2023 | 8:07 pm
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POSITIVE IMPACT
Duolingo's Q2 earnings and sales beat analyst estimates, showing significant YoY growth. This positive financial performance could boost investor confidence and potentially drive the stock price up in the short term.
Duolingo's Q2 earnings and sales exceeded analyst estimates, indicating strong financial performance. This positive news is likely to increase investor confidence in the company, which could lead to increased demand for the stock and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100