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Earnings Results: Duolingo stock surges after results, outlook top Street view

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Duolingo Inc. shares rallied in the extended session Thursday after the language-learning platform’s quarterly results and forecast exceeded Wall Street expectations.

Duolingo
DUOL,
-7.26%

shares surged 15% after hours, following a 7.3% loss in the regular session to close at $71.38, or 30% below their initial public offering price in July.

The company reported a fourth-quarter loss of $17.5 million, or 46 cents a share, compared with a loss of $10.4 million, or 82 cents a share, in the year-ago period.

Revenue rose to $73 million to $48.3 million in the year-ago quarter.

Analysts surveyed by FactSet had forecast a loss of 58 cents a share on revenue of $69 million.

Duolingo forecast second-quarter revenue of $75.5 million to $78.5 million, and revenue of $332 million to $334 million for the year.

Analysts had estimated a loss of 62 cents a share on revenue of $73.6 million for the second quarter, and revenue of $321.6 million for the year.

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