Duolingo Q2 2024 Adj EPS $0.51 Beats $0.32 Estimate, Sales $178.30M Beat $177.09M Estimate
Portfolio Pulse from Benzinga Newsdesk
Duolingo (NASDAQ:DUOL) reported Q2 2024 earnings per share of $0.51, significantly beating the analyst estimate of $0.32. The company also reported sales of $178.30 million, surpassing the estimate of $177.09 million. This represents a 40.57% increase in sales compared to the same period last year.
August 07, 2024 | 8:02 pm
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Duolingo reported Q2 2024 earnings per share of $0.51, beating the analyst estimate of $0.32 by 59.38%. The company also reported sales of $178.30 million, surpassing the estimate of $177.09 million and marking a 40.57% increase over the same period last year.
Duolingo's strong earnings and revenue performance, significantly beating analyst estimates, is likely to positively impact its stock price in the short term. The substantial year-over-year sales growth further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100