: Duolingo stock climbs as results, outlook exceed estimates


Duolingo Inc. DUOL, +2.01% stock climbed about 7% in extended trading Tuesday, after rising 2% in the regular session to close at $90.79, after the company’s results and outlook beat Wall Street expectations. The language-learning app company reported a fourth-quarter net loss of $13.9 million, or 35 cents a share, compared with a loss of $17.5 million, or 46 cents a share, in the year-ago period. Revenue rose to $103.8 million from $73 million in the year-ago quarter. Analysts surveyed by FactSet had forecast an adjusted loss of 35 cents a share on revenue of $99.9 million. The company did not provide adjusted earnings. Duolingo expects first-quarter revenue of $111 million to $114 million, while analysts had forecast a net loss of 37 cents a share on revenue of $106 million.

This article was originally published by Marketwatch.com. Read the original article here.

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