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Why AppFolio Stock Popped on Friday

Why AppFolio Stock Popped on Friday

Shares of real estate management software company AppFolio (NASDAQ: APPF) popped on Friday following the release of financial results for the third quarter of 2022. As of 11:15 a.m. ET, AppFolio stock was up almost 13%. In Q3, AppFolio generated revenue of $125 million, up 31% year over year and slightly ahead of analysts' expectations.