Why AppLovin Stock Beat the Market on Thursday

An estimates-topping quarter was the factor behind AppLovin (NASDAQ: APP) stock bucking Thursday's trend and landing in the black. The mobile marketing company's shares ticked up by just under 1% on the day, which wasn't an easy achievement, given the generally downbeat sentiment on stocks, as evidenced by the S&P 500's (SNPINDEX: ^GSPC) 1.1% decline.AppLovin's third-quarter figures, made public after market close on Wednesday, featured a revenue line of just over $1.4 billion, which was an impressive 68% improvement over the year-ago result. Net income in line with generally accepted accounting principles (GAAP) nearly doubled, coming in at almost $836 million ($2.45 per share) for the period. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool