Duolingo's soft bookings forecast overshadows revenue beat, shares plunge

By Akash Sriram (Reuters) -Duolingo (DUOL) forecast fourth-quarter bookings below Wall Street estimates on Wednesday as the company prioritizes user growth and teaching ​quality on its app, sending its shares tumbling 20% before the bell on Thursday. The company forecast bookings to be between $329.5 million and $335.5 million for the quarter, ‌below estimates of $343.6 million, according to analysts polled by Visible Alpha. "We will focus on monetization, but the balance is shifting a little bit. On a ...