Agora, Inc. Stock Plunges 8.5% Following Earnings Report

Deep News
08/19

During Tuesday morning trading in U.S. markets, Agora, Inc. (API) shares dropped 8.5% after the company reported second quarter revenue of $34.3 million, representing modest year-over-year growth. The company reported GAAP diluted earnings per share of $0.01 and projected continued revenue growth for the third quarter.

Agora's strategic priorities remain focused on expanding its product portfolio and improving customer retention rates.

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