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Duolingo Shares Plunge 18%

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

Duolingo, Inc. (DUOL) shares fell 17.66 percent to $96.71, down $20.74, despite after the company yesterday reported sharply higher fourth-quarter earnings and revenue compared with the prior year.

The stock is currently trading at $96.71, compared with a previous close of $117.45. It opened at $92.06 and has traded between $91.99 and $98.75 during the session on the Nasdaq. Trading volume stands at 8.22 million shares, well above its average volume of 2.10 million shares.

For the fourth quarter, earnings totaled $41.95 million, up from $13.90 million last year. Revenue rose 35.0 percent to $282.86 million from $209.55 million in the year-ago period. The stock has traded in a 52-week range of $91.99 to $544.93.

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