Business & Finance
Duolingo Shares Fall On Tepid Sales Outlook
Key Points
On Tepid Sales Outlook Duolingo Inc. shares fell as much as 12% on Wednesday after the company’s conservative revenue outlook for the current quarter overshadowed user growth. The language learning app said it expects revenue in the third quarter of $302 million, slightly below Wall Street expectations of roughly $304 million.
Duolingo Shares Fall On Tepid Sales Outlook
Duolingo Inc. shares fell as much as 12% on Wednesday after the company’s conservative revenue outlook for the current quarter overshadowed user growth.
The language learning app said it expects revenue in the third quarter of $302 million, slightly below Wall Street expectations of roughly $304 million.