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Reddit shares fall after ‘choppy’ search referrals disclosure
The company reported a second quarter that beat on both revenue and earnings, but its outlook for revenue came in above estimates.
CNBC Markets reports that Reddit shares fell after the company said search referrals were “choppy,” following its second-quarter earnings release.
In the quarter, Reddit reported results that beat on both the top line and bottom line, and it also issued a revenue forecast that came in above analysts’ expectations.
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CNBC MarketsReddit shares sink on 'choppy' search referrals