Reddit's Enhanced Advertising Tools Drive 'Sizable Upside': JPMorgan
Wednesday, May 8th 2024, 4:26:17 pm
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Reddit Inc (NYSE:RDDT) shares are on the rise following the company’s impressive first-quarter sales performance, which surpassed expectations. Reddit’s stock surged 14.82% in pre-market trading on Wednesday, as it reporting Q1 earnings after the market closed on Tuesday. Reddit’s Q1 earnings per share (EPS) beat estimates by 5.97%, and its revenue exceeded expectations by 14.16%. The strong sales results, coupled with upbeat Q2 revenue guidance, have fueled investor optimism and driven the stoc
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