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Digital Turbine Stock Plummets on Profit Miss Despite Revenue Beat
Digital Turbine Stock Plummets on Profit Miss Despite Revenue Beat
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BTCCSquare news:
Digital Turbine's (APPS) shares tumbled 18% Wednesday after posting mixed fiscal Q1 results. The mobile advertising tech firm reported $0.05 adjusted EPS, missing estimates by $0.03, despite a 9% YoY revenue increase to $130.9 million that surpassed expectations by $9 million.
While raising full-year sales guidance to $525-$535 million from $515-$525 million, weak margins triggered investor flight. The market's reaction underscores growing scrutiny of profitability metrics in ad-tech, even as Digital Turbine demonstrates top-line growth in its Core app distribution and monetization segments.
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