US Stocks in Motion | Fourth-Quarter Revenue Outlook Below Expectations, Reddit (RDDT.US) Plunges Over 27% After Earnings

Zhitong Finance APP has learned that on Friday, the social forum platform Reddit (RDDT.US) opened sharply lower, and as of press time, its decline exceeded 27%, with a cumulative drop of more than 37% in October. On the news front, Reddit announced its third-quarter results and fourth-quarter outlook. The company's third-quarter revenue was $895 million, while the market had expected $869.6 million; the company expects fourth-quarter revenue of $1 billion to $1.03 billion, and this outlook is below Wall Street's average estimate of $1.05 billion.