Shares of language-learning app Duolingo (NASDAQ:DUOL) fell 27.4% in the morning session after the company’s weaker-than-expected profit forecast for the fourth quarter overshadowed its strong third-quarter results. The language-learning app posted impressive third-quarter numbers, with revenue of $271.7 million and earnings of $5.95 per share, significantly beating Wall Street’s estimates. However, the positive results were…
Shares of language-learning app Duolingo (NASDAQ:DUOL) fell 7.3% in the morning session after the stock’s weakness continued as Google unveiled a suite of new AI-powered language learning tools, signaling a significant increase in competition. The move by the tech giant introduces advanced, free offerings that could challenge Duolingo’s market position and user engagement model. Google’s…
Duolingo, a quick-and-easy learning app that boasts more than 128 million monthly active users worldwide — mostly for its language offerings — has expanded into mathematics with elementary and middle school lessons aligned to the Common Core standards. The Pittsburgh-based company is one of many — including Prodigy, Splash Learn, DragonBox, IXL and Khan Academy…
Shares of language-learning app Duolingo (NASDAQ:DUOL) fell 6.9% in the morning session after JMP Securities lowered its price target on the stock, citing concerns about slowing user engagement ahead of the company’s second-quarter earnings report. The investment firm JMP Securities reduced its price target to $450 from $475, pointing to third-party data that indicated a…