Duolingo Lifts Sales Outlook, DoorDash Rosy Forecast, Disney Slides
On this edition of Stock Movers:- Duolingo (DUOL) shares rose today after the company lifted its earnings forecast for the year and said it had acquired a music-gaming startup to help speed up the broadening of its offerings beyond language-learning games. The company now expects full-year revenue of $1.01 billion to $1.02 billion, up from $987 million to $996 million it previously expected, a revision it attributed to the better-than-expected performance of its subscription tiers in the second quarter. Duolingo shares, which have risen around 6% this year through the market close Wednesday…
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