The stock of Duolingo, Inc. (DUOL), the popular language learning app, soared 6.03% in the pre-market session on Thursday, February 27th. This significant surge in the company's share price was likely driven by Duolingo's strong fourth-quarter earnings report.
According to the earnings calendar provided, Duolingo was scheduled to report its Q4 2024 earnings results after the market close on Thursday. Although the specific financial details were not included in the news list, the substantial pre-market rally suggests that investors anticipated positive results and outlook from the company.
Duolingo has been benefiting from the growing demand for language learning services, particularly among individuals seeking to improve their language skills for personal or professional purposes. The company's user-friendly app and gamified approach to language learning have made it popular among learners of all ages.
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