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Why Duolingo Stock Soared 10% on Thursday
DUOLDuolingo(DUOL) The Motley Fool·2024-08-08 17:03

Duolingo stock costs 10% more today -- and is worth every penny. Shares of Duolingo (DUOL 12.91%), the AI-powered language learning company, jumped 9.5% through noon ET Thursday after crushing analyst forecasts for second-quarter earnings last night. Heading into the quarter, Wall Street forecast Duolingo would earn 0.32pershareonsalesof0.32 per share on sales of 177.1 million. Instead, Duolingo reported a profit of 0.51pershare.Saleswere0.51 per share. Sales were 178.3 million. Duolingo's Q2 earnings The news was actually even better than that ...