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AppLovin soars almost 30% on earnings, guidance beat

Adam Foroughi, CEO of AppLovin.CNBCAppLovin shares soared almost 30% in extended trading on Wednesday after the company reported earnings and revenue that sailed past analysts' estimates and issued better-than-expected guidance.Here's how the company performed compared with analysts' expectations, according to LSEG:Earnings per share: $1.73 vs. $1.24 expectedRevenue: $1.37 billion vs. $1.26 billion expectedNet income in the quarter more than tripled to $599.2 million, or $1.73 per share, from $1...

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