AppLovin (APP) Tops Q1 Earnings and Revenue Estimates

AppLovin (APP) came out with quarterly earnings of $0.67 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to loss of $0.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.54%. A quarter ago, it was expected that this mobile app technology company would post earnings of $0.35 per share when it actually produced earnings of $0.49, delivering a surprise of 40%.Over the last four quarters, the c ...