How Duolingo Stock Jumped 36% Thursday Morning
Language-learning expert Duolingo (NASDAQ: DUOL) aced its second-quarter report, sending its stock price as much as 36.2% higher on Thursday. By 1:20 p.m. ET, the stock had cooled down slightly to a 24% gain.
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The analyst consensus had called for earnings of approximately $0.58 per share on revenue near $241 million. Duolingo breezed past both targets with ease. Revenue rose 41% year over year to $252 million while earnings jumped 78% to $0.91 per diluted share.
Source Fool.com
