PALO ALTO, Calif. (AP) _ AppLovin Corp. (APP) on Wednesday reported third-quarter earnings of $23.8 million.

On a per-share basis, the Palo Alto, California-based company said it had profit of 6 cents.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.

The mobile app technology company posted revenue of $713.1 million in the period, also falling short of Street forecasts. Seven analysts surveyed by Zacks expected $732.8 million.

For the current quarter ending in December, AppLovin said it expects revenue in the range of $685 million to $700 million.

The company expects full-year revenue in the range of $2.8 billion to $2.81 billion.

AppLovin shares have fallen 85% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $13.72, a drop of 87% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on APP at https://www.zacks.com/ap/APP

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