In my personal view, the company has executed tremendously well against a tough backdrop. My outlook on Duolingo throughout the rest of the year remains bearish. Still, the stock is below June highs - though we can't discount the fact that it has more than doubled year to date. The language-learning app posted an admirable beat-and-raise quarter that saw acceleration in top-line metrics plus generous margin increases. The cause here: with valuations having soared since the start of the year, most stocks were already priced for perfection - and anything less than perfect got walloped post-earnings.Äuolingo ( NASDAQ: DUOL) is a great example here. Earnings season is well underway, and though most companies have reported tremendous beats to guidance and expectations, Wall Street's reactions have been relatively muted. We're starting to see the foundations of the tech rally begin to crack.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |