Duolingo Sinks More Than 10% After Hours Despite Beats on Q1 Earnings and Revenue
$Duolingo(DUOL.US$ fell more than 10% after hours Wednesday after the language-learning platform beat analyst estimates for Q1 earnings and revenues, but issued Q2 and full-year guidance where the low end of the predicted range fell below analyst forecasts.
DUOL sank 11.9% to $215.61 shortly as of 4:30 p.m. ET despite reporting $0.57 in Q1 earnings per share, which crushed analysts' $0.27 consensus estimate, according to published reports.
Revenues also totaled $167.6 million, beating the $165.7 million consensus that analysts had reportedly been expecting.
However, the company guided Q2 revenues at a $175 million to $177.5 million range – the low end of which would fall below the $177 million that reports show analysts had been expecting.
Duolingo also guided full-year revenues at $726.5 million to $735.5 million. The low end of that forecast would likewises fall below analysts' reported $729 million consensus forecast.
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Foodie Investor : Seriously it doesn’t make sense… they really do try to find the slightest flaw just to short the stock even though it performs way better than expected
MrYew Foodie Investor: discount bro