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Category: Technology

Reddit Q3 Earnings: Smashing Expectations
Jay Lutz
Wednesday, October 30, 2024, 04:26:00 PM

In what is a nice change of pace for earnings we’ve covered so far this earnings season, Reddit (NYSE: RDDT) has seen a massively positive response to its third quarter results.

The company saw its stock soar 24% in after hours trading, crossing the $100 line following the release of their results. We’ve covered Reddit in the past and made a bull call back when the stock was $60, over on the SmallCapSteve Channel and substack.

What’s our take on the earnings? What causing the run? And why should we care?

Lets dive in.

Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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Welcome to The Deep Dive, where we focus on providing investors of Canadian junior stock markets the knowledge they need to make smart investment decisions. We take a closer look at all data relating to organizations to create quality stock analysis for investors. Not a recommendation to buy or sell securities. Always do additional research and consult a professional before purchasing a security.