Duolingo Sees FY24 Revenue $731.3M-$738.3M Vs $733.4M Estimate
Portfolio Pulse from Benzinga Newsdesk
Duolingo has provided its revenue guidance for FY24, projecting between $731.3 million and $738.3 million, which is slightly below the consensus estimate of $733.4 million.
August 07, 2024 | 8:04 pm
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Duolingo's FY24 revenue guidance of $731.3M-$738.3M is slightly below the consensus estimate of $733.4M, which may lead to a minor negative impact on the stock price.
The revenue guidance provided by Duolingo is slightly below the market's expectations. This could lead to a minor negative reaction from investors, as the guidance does not meet the consensus estimate.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100