AppLovin shares are trading higher in Wednesday's after-hours session after the company reported better-than-expected financial results for the first quarter.
Duolingo reported quarterly earnings of 57 cents per share which beat the analyst consensus estimate of 27 cents by 111.11%. The company reported quarterly sales of $167.6 million which beat the analyst consensus estimate of $165.677 million and is a 44.91% increase from the same period last year.
IonQ said first-quarter revenue increased 77% year-over-year to $7.582 million, which beat the consensus estimate of $7.075 million, according to Benzinga Pro. The quantum computing company reported a quarterly loss of 19 cents per share, which beat analyst estimates for a loss of 24 cents per share.
Beyond Meat said first-quarter revenue decreased 18% year-over-year to $75.603 million, which beat consensus estimates of $75.241 million, per Benzinga Pro. The plant-based meat company reported a first-quarter adjusted loss of 72 cents per share, which missed estimates for a loss of 67 cents per share.
AMC reported Q1 revenue and eps that beat Street consensus estimates. The company is in talks with more musicians following the success of Taylor Swift and Beyonce concert films.
Instacart reported quarterly earnings of 43 cents per share which beat the analyst consensus estimate of losses of 2 cents per share. Quarterly sales came in at $820 million which beat the analyst consensus estimate of $793.44 million by 3.35%.
Arm Holdings reported quarterly earnings of 36 cents per share which beat the analyst consensus estimate of 30 cents by 20%. Quarterly sales clocked in at $928 million, beating the analyst consensus estimate of $875.59 million by 5.99%.