Reddit Stock Gains After Beating Estimates With 68% Revenue Growth

Published 1 week ago Positive
Reddit Stock Gains After Beating Estimates With 68% Revenue Growth
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Reddit stock rallied late Thursday after the social media company reported third-quarter results that beat Wall Street's consensus expectations. Reddit said that it earned 80 cents per share for the September-ended quarter, compared with earnings of 16 cents per share a year earlier. Daily active users for Reddit during the quarter averaged 116 million, up 19% year over year.

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