Goldman posted earnings of $11.58 per share on revenue of $14.21 billion for the period, while analysts surveyed by LSEG had called for earnings of $8.56 per share on revenue of $12.92 billion.
Analyst Erik Woodring forecast only 3% annual revenue growth through fiscal 2027, which is below consensus.
Morgan Stanley initiated coverage of the social media platform at equal weight, saying shares are already trading at fair value.
Deutsche Bank called Reddit a buy, while Raymond James said the social media stock is a strong buy.
Trump Media & Technology Group — Shares of Trump Media plunged more than 15% after the company filed to issue up to 21.5 million shares.
Persons:
Elon Musk, Tesla, Goldman Sachs, Wall, Goldman, LSEG, Morgan Stanley, Erik Woodring, Salesforce, Raymond James, Coupang, Resideo, Charles Schwab —, Schwab, Yun Li, Lisa Kailai Han, Sarah Min, Michelle Fox
Organizations:
Logitech —, Dow, Street Journal, Informatica, Reddit, Wall, JPMorgan, Deutsche Bank, Medical Properties, Trump Media & Technology, Trump Media, Citi, Resideo Technologies
Locations:
Stifel, Utah, South Korea