US stock abnormal movement | Q2 performance exceeds expectations, Applovin (APP.US) rises by over 13%

According to the CCID app, on Thursday, the stock price of Applovin (APP.US) rose, closing at more than 13% to $441.58 as of the time of reporting. In terms of news, the performance data of Applovin shows that for the quarter ended June 30, the digital advertising marketing platform focused on app marketing software reported an adjusted earnings per share of $2.39, while Wall Street analysts had an average expectation of around $2.32 per share. Earnings per share calculated according to Generally Accepted Accounting Principles (GAAP) were $2.28, also higher than the Wall Street average expectation of $1.98. Under GAAP, Applovin's net profit for the second quarter reached a high of $820 million, achieving a strong growth of 164%.