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Breaking news: Social media platform Reddit surged more than 22% in pre-market trading, with third-quarter revenue exceeding expectations.
Social media RDDT pre-market rose more than 22%, third-quarter revenue exceeded expectations.
Stocks to Watch Wednesday: AMD, Alphabet, Reddit, Snap -- WSJ
U.S. stocks are unusual| Reddit's pre-market surged more than 23%, Q3 performance and Q4 guidance exceeded expectations.
Gelonghui October 30th | Reddit (RDDT.US) pre-market surged more than 23%, reaching $100.55. The company's financial report for the third quarter of 2024 shows revenue of 0.3484 billion US dollars, higher than the analyst's expected 0.3128 billion US dollars, a year-on-year increase of 68%; the company achieved profitability, with a net income of 29.9 million US dollars, compared to a net loss of 7.4 million US dollars in the same period last year. Reddit expects revenue in the fourth quarter to be between 0.385 billion US dollars and 0.4 billion US dollars, higher than the analyst's average expectation of 0.3579 billion US dollars; fourth-quarter adjusted earnings will be between 0.11 billion US dollars and 1.2
Biggest Stock Movers Wednesday: GOOG, SNAP, and More
These Stocks Are Moving the Most Today: Alphabet, AMD, Reddit, Snap, First Solar, Qorvo, Microsoft, and More -- Barrons.com
Express News | Reddit Shares up About 23% Premarket as Q3 Revenue Beats Estimates