Duolingo Q3 2023 $0.07 May Not Compare To $(0.11) Estimate, Revenue $137.6M Beats $132M Estimate
Portfolio Pulse from Benzinga Newsdesk
Duolingo's Q3 2023 earnings per share of $0.07 exceeded the estimated loss of $0.11. The company also reported revenue of $137.6M, beating the $132M estimate.
November 08, 2023 | 9:09 pm
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Duolingo reported better than expected Q3 2023 earnings and revenue, which could positively impact its stock price.
Duolingo's Q3 2023 earnings per share of $0.07 exceeded the estimated loss of $0.11, indicating better than expected profitability. Additionally, the company's revenue of $137.6M surpassed the $132M estimate, suggesting strong sales performance. These positive results could increase investor confidence and drive up Duolingo's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100