Why Duolingo Shares Are Trading Lower By Around 18%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

Author: Avi Kapoor | May 09, 2024 01:57pm

Shares of Duolingo, Inc. (NASDAQ:DUOL) fell sharply during Thursday's session after the company reported first quarter financial results.

Duolingo reported quarterly earnings of 57 cents per share which beat the analyst consensus estimate of 27 cents by 111.11%. Quarterly sales came in at $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, according to data from Benzinga Pro.

Duolingo sees second-quarter revenues of between $175 million and $177.5 million, versus the $176.9 million estimate and full-year 2024 revenues of between $726.5 million and $735.5 million, versus the $728.23 million estimate.

Duolingo shares dipped 18.2% to $200.04 on Thursday.

Here are some other stocks moving in today’s mid-day session.

Gainers

Pop Culture Group Co., Ltd (NASDAQ:CPOP) shares jumped 119% to $3.71 after the company reported a year-over-year increase in H2 2023 revenue results.
Sezzle Inc. (NASDAQ:SEZL) jumped 69.9% to $75.99 after the company reported a year-over-year increase in first-quarter financial results.
Safe and Green Development Corporation (NASDAQ:SGD) rose 43% to $0.8891. Safe And Green Development announced a partnership to provide mortgage services via the Xene platform.
Embecta Corp. (NASDAQ:EMBC) shares gained 40.1% to $14.39 after the company reported upbeat second-quarter results and raised FY24 guidance.
Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) surged 30.6% to $17.28 following better-than-expected first-quarter results.
Vital Farms, Inc. (NASDAQ:VITL) gained 29.8% to $38.83 after the company reported better-than-expected first-quarter sales results and issued FY24 revenue guidance above estimates.
SiTime Corporation (NASDAQ:SITM) climbed 25.6% to $121.82 following upbeat quarterly results.
Blue Bird Corporation (NASDAQ:BLBD) rose 25.5% to $47.18 after the company reported better-than-expected second-quarter financial results.
Barnes & Noble Education, Inc. (NYSE:BNED) jumped 25% to $0.3799.
PlayAGS, Inc. (NYSE:AGS) gained 24.5% to $11.16 as the company agreed to be acquired by Brightstar Capital Partners for approximately $1.1 billion.
Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) gained 24% to $0.0721. The company said it sees revenues exceeding $40 million during the year ended Dec. 31, 2024.
AerSale Corporation (NASDAQ:ASLE) gained 20.3% to $9.08 following upbeat quarterly earnings.
Zai Lab Limited (NASDAQ:ZLAB) climbed 19.7% to $19.83 after the company reported better-than-expected first-quarter financial results.
Warby Parker Inc. (NYSE:WRBY) rose 19.5% to $14.87 after the company reported a year-over-year increase in first-quarter GAAP EPS results and better-than-expected sales results. Also, the company raised its FY24 net revenue guidance.
Sinclair, Inc. (NASDAQ:SBGI) gained 17.8% to $15.65 following quarterly results.
Inspire Veterinary Partners, Inc. (NASDAQ:IVP) shares rose 17.4% to $4.26. Inspire Veterinary Partners recently announced a 1-for-100 reverse stock split.
BigCommerce Holdings, Inc. (NASDAQ:BIGC) gained 15.7% to $7.74 after the company reported better-than-expected first-quarter financial results and raised its FY24 revenue guidance.
ZimVie Inc. (NASDAQ:ZIMV) gained 15.7% to $17.79 following first-quarter earnings. The company also issued strong FY24 EPS guidance.
Pagaya Technologies Ltd. (NASDAQ:PGY) rose 15.2% to $12.10 following strong quarterly resulys.
Magnite, Inc.(NASDAQ:MGNI) shares gained 14.6% to $10.20 after the company reported first-quarter financial results.
Compass, Inc. (NYSE:COMP) shares rose 14.5% to $3.7550 after posting first-quarter results.
Klaviyo, Inc. (NYSE:KVYO) shares jumped 13.1% to $24.35 after the company reported better-than-expected first-quarter financial results.
Equinix, Inc. (NASDAQ:EQIX) rose 12.7% to $780.98 following first-quarter earnings.
Playtika Holding Corp. (NASDAQ:PLTK) gained 12.5% to $8.72 following strong quarterly sales.
Spectrum Brands Holdings, Inc. (NYSE:SPB) jumped 12.4% to $95.00 following upbeat earnings.
Camtek Ltd. (NASDAQ:CAMT) rose 12.2% to $94.73 after the company reported a first-quarter beat and issued second-quarter guidance above estimates.
YETI Holdings, Inc. (NYSE:YETI) gained 11.6% to $38.85 following better-than-expected first-quarter financial results.
AppLovin Corporation (NASDAQ:APP) rose 10.4% to $81.69 after the company reported better-than-expected first-quarter financial results.
PENN Entertainment, Inc. (NASDAQ:PENN) gained 5.8% to $16.57 after ESPN Bet on Wednesday was named the official sports betting sponsor of the PGA Championship through 2026.
Xiao-I Corporation (NASDAQ:AIXI) shares gained 5.6% to $1.33 after the company reported a strategic partnership with a leading Hong Kong Insurance Company to enhance AI-driven customer service.

Losers

Tivic Health Systems, Inc. (NASDAQ:TIVC) shares fell 60.3% to $0.5318 after the company reported pricing of $4 million public offering.
EMCORE Corporation (NASDAQ:EMKR) fell 59% to $1.19 after the company reported mixed second-quarter financial results and issued third-quarter revenue guidance below estimates.
CytomX Therapeutics, Inc. (NASDAQ:CTMX) shares fell 46.4% to $2.2450 after the company reported first-quarter financial results and announced initial data from the ongoing CX-904 Phase 1a dose escalation clinical study, demonstrating a favorable safety profile and confirmed anti-cancer activity.
Cardlytics, Inc. (NASDAQ:CDLX) declined 40.5% to $8.69 after the company reported mixed first-quarter financial results and issued second-quarter revenue guidance with its midpoint below estimates. Also, Needham maintained a Buy rating on the stock and lowered its price target from $17 to $12.
Syra Health Corp. (NASDAQ:SYRA) fell 30.8% to $1.48 following a wider-than-expected quarterly loss.
SkyWater Technology, Inc. (NASDAQ:SKYT) declined 29.6% to $6.95 following downbeat quarterly results.
iHeartMedia, Inc. (NASDAQ:IHRT) dipped 28.8% to $1.53 following weak quarterly sales.
Delta Apparel, Inc. (NYSE:DLA) fell 28.8% to $2.00 following weaker-than-expected second-quarter results.
Cerence Inc. (NASDAQ:CRNC) dipped 28.1% to $6.88 after the company reported second-quarter financial results and issued FY24 revenue guidance below estimates.
RAPT Therapeutics, Inc. (NASDAQ:RAPT) fell 27.5% to $5.79 following first-quarter results.
Stevanato Group S.p.A. (NYSE:STVN) fell 25% to $20.08 following weak earnings.
EPAM Systems, Inc. (NASDAQ:EPAM) dipped 24.3% to $188.56 after the company lowered its FY24 revenue guidance.
Advantage Solutions Inc. (NASDAQ:ADV) fell 22.3% to $3.31 following first-quarter results.
Roblox Corporation (NYSE:RBLX) tumbled 21% to $30.84 after the company issued weak guidance.
LifeMD, Inc. (NASDAQ:LFMD) shares fell 20.4% to $9.80 following first-quarter earnings.
B&G Foods, Inc. (NYSE:BGS) declined 19.1% to $9.35 after the company reported worse-than-expected first-quarter financial results.
Alta Equipment Group Inc. (NYSE:ALTG) dipped 18.5% to $9.45 following a wider-than-expected quarterly loss.
Ironwood Pharmaceuticals, Inc. (NASDAQ:IRWD) dipped 17.2% to $6.72 after the company posted downbeat quarterly results and lowered FY24 forecast.
Forward Air Corporation (NASDAQ:FWRD) shares declined 17.4% to $17.77 following weak earnings.
TELUS International (Cda) Inc. (NYSE:TIXT) fell 15.7% to $6.55 following downbeat sales.
Allegro MicroSystems, Inc. (NASDAQ:ALGM) dipped 14.3% to $25.18 following fourth-quarter results.
Beyond Meat, Inc. (NASDAQ:BYND) shares fell 13.5% to $7.10 after the company reported a wider-than-expected loss for its first quarter. The company sees second-quarter revenue to be between $85 million and $90 million and full-year 2024 revenue to be between $315 million and $345 million.
Paycor HCM, Inc. (NASDAQ:PYCR) dipped 12.1% to $15.39. Paycor HCM posted better-than-expected third-quarter earnings on Wednesday. The company said it sees FY24 revenue of $650 million to $652 million, versus estimates of 653.898 million.
Globant S.A. (NYSE:GLOB) fell 9% to $173.89.
Exact Sciences Corporation (NASDAQ:EXAS) shares declined 8.4% to $54.51 after the company reported mixed first-quarter financial results.
Amdocs Limited (NASDAQ:DOX) dipped 7.7% to $79.34 following second-quarter earnings.
SolarEdge Technologies, Inc. (NASDAQ:SEDG) fell 7.2% to $53.41 after the company reported mixed first-quarter financial results.
Airbnb, Inc. (NASDAQ:ABNB) shares declined 6.6% to $147.54 following first-quarter results.
argenx SE (NASDAQ:ARGX) shares declined 6.2% to $362.09 after the company reported first quarter financial results and issued a business update.
Arm Holdings plc (NASDAQ:ARM) shares fell 3.6% to $102.36 after the company reported fourth-quarter financial results and issued guidance.