AppLovin Corp. Class A (APP) reported an earnings miss for its 3rd quarter, ending 9/30/2022. Earnings per share got here in at $0.06, versus the anticipated $0.07.
The reported income of $713.1 million represents a lower of -8.13% in comparison with the earlier quarter, and a lower of -1.91% in comparison with the identical interval final yr.
For the 4th quarter, analysts mission earnings of $0.15 per share.
Usually, earnings bulletins have an effect on a inventory’s value. See a historical past of earnings-related value modifications for APP inventory.
What’s subsequent for AppLovin Corp. Class A put up earnings
In line with TipRanks, the typical analyst consensus on APP inventory is a Sturdy Purchase. This consensus is predicated on 12 analyst scores made up to now 3 months. AppLovin Corp. Class A’s common value goal of $43.64 implies upside potential of 217.61% from present ranges.
See our Earnings Calendar for a full listing of this week’s earnings releases.
Backside Line
An earnings miss can signify unfavourable motion forward for a inventory’s value. Presently, APP value is $13.74, indicating a 5-day drop of -7.41%.
About AppLovin Corp. Class A
AppLovin Corp is a cell app know-how firm. It focuses on rising the cell app ecosystem by enabling the success of cell app builders. The corporate’s software program options present superior instruments for cell app builders to develop their companies by automating and optimizing the advertising and marketing and monetization of their apps..
Be taught extra about APP financials right here
