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 surged following the release of their Q3 financial results, which exceeded expectations. The company also provided Q4 revenue guidance that surpassed estimates.
October 30, 2024 | 10:48 am
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POSITIVE IMPACT
Reddit's stock price increased due to better-than-expected Q3 financial results and optimistic Q4 revenue guidance.
The positive Q3 results and strong Q4 guidance are likely to boost investor confidence, leading to a short-term increase in Reddit's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100