- The stock price of Duolingo Inc (NASDAQ: DUOL) surged by over 15% pre-market today. This is why.
The stock price of Duolingo Inc (NASDAQ: DUOL) surged by over 15% pre-market today. Investors responded positively to the company’s first-quarter results.
Duolingo reported a Q1 EPS of ($0.31), which was $0.26 higher than analyst estimates of ($0.57). And the revenue for the quarter was $81.2 million compared to the consensus estimate of $77.44 million.
Going forward, Duolingo expects Q2 2022 revenue of between $84 million and $87 million, compared to the consensus of $81.4 million. And Duolingo expects FY2022 revenue of $349-$358 million, compared to the consensus of $339 million.
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