🔴 Reddit is trading 4.68% down ahead of Q3 results amid growth concerns

Reddit is trading 4.68% lower at $129.16 as investors weigh growth concerns ahead of its after-market Q3 report.

• The Nasdaq is down 1.65%; concerns include decelerating growth and slower U.S. daily active user growth.
• Analysts expect about $875 million in revenue and $1.33 EPS. Results are scheduled for release after the market closes on October 29.
• Available reporting describes these as concerns ahead of results, not a new company announcement this morning.