Duolingo Q1 2024 Adj EPS $0.57 Beats $0.27 Estimate, Sales $167.600M Beat $165.677M Estimate
Portfolio Pulse from Benzinga Newsdesk
Duolingo reported Q1 2024 earnings of $0.57 per share, surpassing the $0.27 estimate, with sales of $167.6M also beating the $165.677M forecast. This represents a 44.91% increase in sales compared to the same period last year.
May 08, 2024 | 8:02 pm
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POSITIVE IMPACT
Duolingo's Q1 2024 earnings and sales significantly exceeded analyst expectations, showcasing a strong year-over-year growth in sales.
Duolingo's substantial beat on both earnings per share and sales estimates, coupled with a significant year-over-year sales growth, indicates strong operational performance and market approval. This is likely to positively influence investor sentiment and could lead to an uptick in DUOL's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100