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via benzinga.comMarkets

AppLovin rallies 16% after third quarter earnings and strong guidance

FROM THE WIRE · BENZINGA.COM

AppLovin Corporation (NASDAQ:APP) shares are trading higher Thursday after the company reported better-than-expected third-quarter financial results Wednesday after the market closed and issued fourth-quarter revenue guidance above estimates.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishThe stock jumps as revenue beats expectations and fourth quarter guidance comes in above estimates.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01AppLovin shares are trading higher on Thursday.
  2. 02The company reported better-than-expected third quarter results.
  3. 03Fourth quarter revenue guidance is above estimates.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
AppLovin CorporationAPPStock271.75 USDMarket closedtoday +10.69%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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