AppLovin, top tech stock of the year, soars another 46% on earnings beat
Adam Foroughi, CEO of AppLovin.CNBCAppLovin shares soared 46% on Thursday after the online gaming and advertising company issued guidance that was well above estimates and reported better-than-expected earnings and revenue.The stock closed at $246.53. It's now up 519% this year, far outpacing all other tech companies valued at $5 billion or more, according to FactSet data. The rally has lifted AppLovin's market cap to over $80 billion.Revenue in the third quarter climbed 39% to $1.2 billion, top...
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