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

Shares of Duolingo, Inc. 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 CPOP shares jumped 119% to $3.71 after the company reported a year-over-year increase in H2 2023 revenue results.
• Sezzle Inc.  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 SGD rose 43% to $0.8891. Safe And Green Development announced a partnership to provide mortgage services via the Xene platform.
• Embecta Corp. EMBC shares gained 40.1% to $14.39 after the company reported upbeat second-quarter results and raised FY24 guidance.
• Consensus Cloud Solutions, Inc. CCSI surged 30.6% to $17.28 following better-than-expected first-quarter results.
• Vital Farms, Inc. 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 SITM climbed 25.6% to $121.82 following upbeat quarterly results.
• Blue Bird Corporation BLBD rose 25.5% to $47.18 after the company reported better-than-expected second-quarter financial results.
• Barnes & Noble Education, Inc. BNED jumped 25% to $0.3799.
• PlayAGS, Inc. 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. GWAV gained 24% to $0.0721. The company said it sees revenues exceeding $40 million during the year ended Dec. 31, 2024.
• AerSale Corporation ASLE gained 20.3% to $9.08 following upbeat quarterly earnings.
• Zai Lab Limited ZLAB climbed 19.7% to $19.83 after the company reported better-than-expected first-quarter financial results.
• Warby Parker Inc. 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. SBGI gained 17.8% to $15.65 following quarterly results.
• Inspire Veterinary Partners, Inc. IVP shares rose 17.4% to $4.26. Inspire Veterinary Partners recently announced a 1-for-100 reverse stock split.
• BigCommerce Holdings, Inc. 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. ZIMV gained 15.7% to $17.79 following first-quarter earnings. The company also issued strong FY24 EPS guidance.
• Pagaya Technologies Ltd. PGY rose 15.2% to $12.10 following strong quarterly resulys.
• Magnite, Inc.MGNI shares gained 14.6% to $10.20 after the company reported first-quarter financial results.
• Compass, Inc. COMP shares rose 14.5% to $3.7550 after posting first-quarter results.
• Klaviyo, Inc. KVYO shares jumped 13.1% to $24.35 after the company reported better-than-expected first-quarter financial results.
• Equinix, Inc. EQIX rose 12.7% to $780.98 following first-quarter earnings.
• Playtika Holding Corp. PLTK gained 12.5% to $8.72 following strong quarterly sales.
• Spectrum Brands Holdings, Inc. SPB jumped 12.4% to $95.00 following upbeat earnings.
• Camtek Ltd. 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. YETI gained 11.6% to $38.85 following better-than-expected first-quarter financial results.
• AppLovin Corporation APP rose 10.4% to $81.69 after the company reported better-than-expected first-quarter financial results.
• PENN Entertainment, Inc. 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 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. TIVC shares fell 60.3% to $0.5318 after the company reported pricing of $4 million public offering.
• EMCORE Corporation 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. 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. 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. SYRA fell 30.8% to $1.48 following a wider-than-expected quarterly loss.
• SkyWater Technology, Inc. SKYT declined 29.6% to $6.95 following downbeat quarterly results.
• iHeartMedia, Inc. IHRT dipped 28.8% to $1.53 following weak quarterly sales.
• Delta Apparel, Inc. DLA fell 28.8% to $2.00 following weaker-than-expected second-quarter results.
• Cerence Inc. 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. RAPT fell 27.5% to $5.79 following first-quarter results.
• Stevanato Group S.p.A. STVN fell 25% to $20.08 following weak earnings.
• EPAM Systems, Inc. EPAM dipped 24.3% to $188.56 after the company lowered its FY24 revenue guidance.
• Advantage Solutions Inc. ADV fell 22.3% to $3.31 following first-quarter results.
• Roblox Corporation RBLX tumbled 21% to $30.84 after the company issued weak guidance.
• LifeMD, Inc. LFMD shares fell 20.4% to $9.80 following first-quarter earnings.
• B&G Foods, Inc. BGS declined 19.1% to $9.35 after the company reported worse-than-expected first-quarter financial results.
• Alta Equipment Group Inc. ALTG dipped 18.5% to $9.45 following a wider-than-expected quarterly loss.
• Ironwood Pharmaceuticals, Inc. IRWD dipped 17.2% to $6.72 after the company posted downbeat quarterly results and lowered FY24 forecast.
• Forward Air Corporation FWRD shares declined 17.4% to $17.77 following weak earnings.
• TELUS International (Cda) Inc. TIXT fell 15.7% to $6.55 following downbeat sales.
• Allegro MicroSystems, Inc. ALGM dipped 14.3% to $25.18 following fourth-quarter results.
• Beyond Meat, Inc. 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. 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. GLOB fell 9% to $173.89.
• Exact Sciences Corporation EXAS shares declined 8.4% to $54.51 after the company reported mixed first-quarter financial results.
• Amdocs Limited DOX dipped 7.7% to $79.34 following second-quarter earnings.
• SolarEdge Technologies, Inc. SEDG fell 7.2% to $53.41 after the company reported mixed first-quarter financial results.
• Airbnb, Inc. ABNB shares declined 6.6% to $147.54 following first-quarter results.
• argenx SE ARGX shares declined 6.2% to $362.09 after the company reported first quarter financial results and issued a business update.
• Arm Holdings plc ARM shares fell 3.6% to $102.36 after the company reported fourth-quarter financial results and issued guidance.

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