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via finance.yahoo.comBusiness & Companies

AppLovin stock soars after Q3 earnings, outlook beat

FROM THE WIRE · FINANCE.YAHOO.COM

AppLovin (APP) shares surged 20% in premarket trading on Thursday after the mobile app marketing company posted better-than-expected third quarter profit and revenue and upbeat fourth quarter guidance. Wall Street analysts raised their price target on the stock as results eased…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishResults and a stronger Q4 outlook beat estimates, and analysts raised their targets.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Third quarter revenue of $2.18 billion topped the $2.07 billion expected.
  2. 02Earnings per share of $4.30 beat the $4.04 consensus.
  3. 03Fourth quarter revenue guidance of $2.37 to $2.40 billion exceeds the $2.25 billion forecast.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
AppLovin CorporationAPPStock359.75 USD+1.76%today +32.38%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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