Reddit shares rocket as high as 19% on strong sales and guidance
Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange (NYSE) after ringing a bell on the floor setting the share price at $47 in its initial public offering (IPO) on March 21, 2024 in New York City.Spencer Platt | Getty ImagesReddit reported first-quarter earnings Thursday that beat Wall Street expectations on sales and guidance.Shares of the social media company rose as high as 19% in after-hours trading.Here's how the company did compared with LSEG estimates:Earnings per ...
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