Telecoms Flat After Reddit Earnings - Communications Services Roundup

Dow Jones05-09

Communications services companies were more or less flat after strong earnings from one social media concern.

Reddit shares surged after the blogging concern reported a bigger-than-forecast increase in users in its first set of results as a public company.

Shares of EchoStar fell after the company swung to a steeper loss than expected on posted lower revenue in its first quarter after merging with Dish Network.

IAC Interactive is holding out hope that other companies producing AI follow OpenAI's example on digital licensing.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

May 08, 2024 17:14 ET (21:14 GMT)

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