Reddit Inc. (RDDT) Surpasses Q2 Earnings and Revenue Estimates

Reddit Inc. (RDDT) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.2 per share. This compares to a loss of $0.06 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of +125.00%. A quarter ago, it was expected that this company would post earnings of $0.02 per share when it actually produced earnings of $0.13, delivering a surprise of +550%. Over the last four quarters, the company has ...