Duolingo (DUOL) Stock: Why The Price Jumped Up Over 15%

By Amit Chowdhry ● May 13, 2022
  • 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.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.