MGNI - Why Duolingo Shares Are Trading Lower By Around 18%? Here Are Other Stocks Moving In Thursday's Mid-Day Session | Benzinga
Shares of Duolingo, Inc. (NASDAQ:DUOL) fell sharply during Thursday's session after the company reported first quarter financial results.
Duolingo reported quarterly earnings of 57 cents per share which beat the analyst consensus estimate of 27 cents by 111.11%. Quarterly sales came in at $167.6 million which beat the analyst consensus estimate of $165.677 million and is a 44.91% increase from the same period last year, according to data from Benzinga Pro.
Duolingo sees second-quarter revenues of between $175 million and $177.5 million, versus the $176.9 million estimate and full-year 2024 revenues of between $726.5 million and $735.5 million, versus the $728.23 million estimate.
Duolingo shares dipped 18.2% to $200.04 on Thursday.
Here are some other stocks moving in today’s mid-day session.
Gainers
- Pop Culture Group Co., Ltd (NASDAQ:CPOP) shares jumped 119% to $3.71 after the company reported a year-over-year increase in H2 2023 revenue results.
- Sezzle Inc. (NASDAQ:SEZL) jumped 69.9% to $75.99 after the company reported a year-over-year increase in first-quarter financial results.
- Safe and Green Development Corporation (NASDAQ:SGD) rose 43% to $0.8891. Safe And Green Development announced a partnership to provide mortgage services via the Xene platform.
- Embecta Corp. (NASDAQ:EMBC) shares gained 40.1% to $14.39 after the company reported upbeat second-quarter results and raised FY24 guidance.
- Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) surged 30.6% to $17.28 following better-than-expected first-quarter results.
- Vital Farms, Inc. (NASDAQ:VITL) gained 29.8% to $38.83 after the company reported better-than-expected first-quarter sales results and issued FY24 revenue guidance above estimates.
- SiTime Corporation (NASDAQ:SITM) climbed 25.6% to $121.82 following upbeat quarterly results.
- Blue Bird Corporation (NASDAQ:BLBD) rose 25.5% to $47.18 after the company reported better-than-expected second-quarter financial results.
- Barnes & Noble Education, Inc. (NYSE:BNED) jumped 25% to $0.3799.
- PlayAGS, Inc. (NYSE:AGS) gained 24.5% to $11.16 as the company agreed to be acquired by Brightstar Capital Partners for approximately $1.1 billion.
- Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) gained 24% to $0.0721. The company said it sees revenues exceeding $40 million during the year ended Dec. 31, 2024.
- AerSale Corporation (NASDAQ:ASLE) gained 20.3% to $9.08 following upbeat quarterly earnings.
- Zai Lab Limited (NASDAQ:ZLAB) climbed 19.7% to $19.83 after the company reported better-than-expected first-quarter financial results.
- Warby Parker Inc. (NYSE:WRBY) rose 19.5% to $14.87 after the ...