Shares of AppLovin (NASDAQ: APP) were heading lower today, as the adtech company came up short in its second-quarter earnings report.
Given that the high-growth company is trading at a lofty valuation, the sell-off on the news wasn't surprising. As of 10:49 a.m. ET, the stock was down 19.6%.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Revenue was up 53% to $1.92 billion in the quarter, which was short of the ****** yst consensus at $1.94 billion.
Management said on the earnings call that the business underperformed in the core gaming segment due to slower-than-normal model improvement, which the company said is the key driver of its growth. The consumer/e-commerce segment, which represents a huge opportunity for the company, remained strong.
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Given that the high-growth company is trading at a lofty valuation, the sell-off on the news wasn't surprising. As of 10:49 a.m. ET, the stock was down 19.6%.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Revenue was up 53% to $1.92 billion in the quarter, which was short of the ****** yst consensus at $1.94 billion.
Management said on the earnings call that the business underperformed in the core gaming segment due to slower-than-normal model improvement, which the company said is the key driver of its growth. The consumer/e-commerce segment, which represents a huge opportunity for the company, remained strong.
#company
2 days ago
