AppLovin Stock Jumps On Q1 Beat As Advertising Market Improves

Mobile app marketing platform AppLovin (APP) late Wednesday smashed Wall Street's targets for the first quarter and guided higher for the current period. AppLovin stock jumped in extended trading.X The Palo Alto, Calif.-based company earned 67 cents a share on sales of $1.06 billion in the March-ended quarter. Analysts polled by FactSet had expected earnings of 57 cents a share on sales of $974 million. In the year-earlier period, AppLovin lost a penny a share on sales of $715 million.For the current quarte ...