AppLovin Corp (APP) PT Lowered to $56 at Goldman Sachs
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AppLovin (APP) Shares Drop After Earnings Miss, Analyst Sees Growing Risks
August 11, 2022 6:47 AM EDTShares of AppLovin (NASDAQ: APP) are down almost 7% in premarket trading Thursday after the Q2 results showed the company continues to grapple with weak consumer and advertising spending.
The mobile technology company reported a Q2 loss per share of 6c, much worse than the analyst estimate of $0.15. Revenue came in at $776.2 million, missing the consensus estimates of $830.7... More
