Duolingo (DUOL) Stock Jumps 13% After Q4 Outlook Tops Estimates

TLDR Duolingo stock rose about 13% in late trading Tuesday to $144.44. Q3 EPS of 54 cents missed estimates, but revenue of $309 million beat. Daily active users grew 29% to 64.9 million, up from 23% growth in Q2. Q4 revenue is guided to $322 million, with bookings expected at $382 million. The stock was indicated near $147 in Wednesday premarket trading. Duolingo (DUOL) stock jumped about 13% in late trading Tuesday after the language app raised its fourth-quarter outlook. The move came right after a rough day for the stock. Duolingo, Inc., DUOL The stock closed the regular session down 5.4% at $128.00. After the report, it climbed 12.8% to $144.44. The company missed on profit but beat on sales.

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