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Benzinga

Business

Dylan Berman

Reddit Stock Is Trading Higher Friday: What's Going On?

Reddit Nasdaq RDDT

Reddit on iPhone

Reddit, Inc. (NASDAQ:RDDT) shares are trading higher Friday after the company reported better-than-expected second quarter financial results and issued third quarter sales guidance above estimates on Thursday after the market closed.

What To Know: The company reported earnings per share of 45 cents, beating the consensus estimate of 19 cents. In addition, Reddit reported sales of $499.60 million, beating the consensus estimate of $424.73 million and representing a 78% year-over-year jump.

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