Reddit shares are trading higher after the company reported better-than-expected Q3 financial results and issued Q4 revenue guidance above estimates.
Portfolio Pulse from Benzinga Newsdesk
Reddit shares rose following the release of strong Q3 financial results and optimistic Q4 revenue guidance.
October 29, 2024 | 8:24 pm
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POSITIVE IMPACT
Reddit's stock price increased due to better-than-expected Q3 financial results and positive Q4 revenue guidance.
The company's strong Q3 performance and positive outlook for Q4 are likely to boost investor confidence, leading to a rise in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100