Duolingo Sees Q3 2024 Revenue $186.7M-$189.7M Vs $177M Estimate
Portfolio Pulse from Benzinga Newsdesk
Duolingo has announced its Q3 2024 revenue forecast to be between $186.7 million and $189.7 million, surpassing the previous estimate of $177 million.
August 07, 2024 | 8:03 pm
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Duolingo has raised its Q3 2024 revenue forecast to a range of $186.7 million to $189.7 million, which is higher than the previous estimate of $177 million. This positive revision indicates strong business performance and could lead to a short-term increase in the stock price.
The upward revision in revenue forecast suggests that Duolingo is performing better than expected, which is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100