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0 -0.00190626397683669 -0.00369576987359053 -0.00510816600362505 -0.00103575716202537 -0.00148301593653632 0.000258939290506376 -0.000306019161507487
Stock impact report

Why AppFolio Stock Soared Today [Yahoo! Finance]

AppFolio, Inc. - Class A (APPF) 
Last appfolio, inc. - class a earnings: 3/2 04:10 pm Check Earnings Report
Company Research Source: Yahoo! Finance
As of 12:30 p.m. ET, AppFolio stock was up 12%. In Q3, AppFolio generated revenue of $206 million, which was a 24% year-over-year increase. The company helps property owners manage their portfolios and consequently benefits from more rental units using its services. It ended Q3 with 8.5 million units, which was up 9%. AppFolio kept its expenses under control as revenue soared. The company consequently had an operating margin of almost 21% in Q3 compared with operating losses in the same quarter of last year. This is an extremely welcome development. It's good news looking forward, too. AppFolio raised its full-year revenue guidance today. Management says it will generate revenue of $786 million to $780 million this year compared with previous guidance of $772 million to $778 million. This higher revenue will result in higher profits, which largely explains investors' optimism today. AppFolio has demonstrated steady growth since going public in 2015. I'm not sure how much growt Show less Read more
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