Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why AppLovin Stock Soared 45% This Week

TheMotleyFool

0 0

Shares of AppLovin (NASDAQ: APP), an online gaming and advertising company, soared higher this week after it reported third-quarter financial results that blew past Wall Street's consensus estimates.

AppLovin's shares jumped 45% this week, as of this writing, adding to the company's stunning gains over the past year of more than 500%.

AppLovin's sales popped 39% in the quarter to $1.2 billion, which outpaced analysts' consensus estimate of $1.13 billion. Similarly, the company's diluted earnings per share of $1.25 easily surpassed Wall Street's consensus estimate of $0.92 per share.

Source Fool.com

Like: 0

APP

Share