• Reddit Inc RDDT.N reported quarterly adjusted earnings of 45 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -6 cents. The mean expectation of twenty two analysts for the quarter was for earnings of 19 cents per share. Wall Street expected results to range from 10 cents to 30 cents per share.

• Revenue rose 77.7% to $499.63 million from a year ago; analysts expected $425.99 million.

• Reddit Inc's reported EPS for the quarter was 45 cents​.

• The company reported quarterly net income of $89.3 million.

• Reddit Inc shares had fallen by 0.8% this quarter and lost 8.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 67% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy," 8 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the online services peer group is also "buy"

• Wall Street's median 12-month price target for Reddit Inc is $161.50, about 0.6% above its last closing price of $160.59

This summary was machine generated from LSEG data July 31 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)