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Barchart

Nauman Khan

Dear Reddit Stock Fans, Mark Your Calendars for July 30

Reddit RDDT Google

Reddit (RDDT) investors need to buckle up for an important event. The social media company will report its second-quarter earnings after the market closes on July 30, and the results could determine where RDDT stock heads next.

The timing couldn't be more important. Reddit is coming off another strong quarter in which it easily beat Wall Street's expectations. In the first quarter, revenue climbed 69% year-over-year (YOY) to $663 million, comfortably ahead of analyst estimates. Adjusted EPS came in at $1.01, crushing consensus estimates of $0.62. The company also generated more than $300 million in free cash flow and finished the quarter with $2.8 billion in cash.

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