Reddit stock was up after it reported first-quarter earnings that beat analysts’ expectations, but not as much as it had been immediately after the results. The social media site reported a profit of 13 cents a share,

Social-media platform’s daily active unique users were up 31% from a year earlier.

Reddit will report first-quarter results tomorrow, and some analysts are estimating falling earnings. The stock has plunged 30% since the beginning of this year. Investors should wait for the company's latest results before deciding on the stock either way.