Earnings Preview : Q3 2024 Is Shaping Up To Be An Important Quarter For AppLovin Corporation ($APP)

AppLovin Corporation (NASDAQ: APP) has announced that it will be unveiling its third quarter financial results on Wednesday 6th November 2024. The disclosure is planned to occur after market close.

Wall Street financial experts forecast that the business is set to announce an expected $0.92 profit per share for the quarter. Moreover, the company is anticipated to disclose a total revenue of $1.13 billion for this particular period.

In comparison to the same quarter of the prior year, the company's financial statement showcased a per share of income of $0.3. This was credited to the company's total revenue, which reached an impressive $864.26 million in that particular timeframe.

The projections from Wall Street analysts indicate that the company is expected to generate a total revenue of $4.44 billion for the full year. Moreover, they anticipate the earnings per share to reach profit of $3.45 during the fiscal year.

 

The business has scheduled a conference call on 6th November 2024 at 05:00 PM eastern time to discuss Q3 financial results.

Throughout Friday's trading, AppLovin Corporation (APP) shares fluctuated between $163.02 and $171.18, with a trading volume of 3.51 million shares. The stock ended the regular trading session at $163.53, demonstrating downfall of 3.46 percent.

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