Integral Ad Science Stock Surges on Strong Q2 Earnings
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BTCCSquare news:
Integral Ad Science (IAS) shares soared 12.7% Friday, dramatically outpacing the S&P 500's 0.8% gain after reporting robust second-quarter results. The digital advertising analytics firm posted $149 million in revenue, a 16% year-over-year increase that exceeded analyst estimates by $6 million.
The company's optimization services drove much of the growth, generating $68 million. GAAP net income more than doubled to $16.4 million ($0.10/share), crushing the $0.04 consensus estimate. "Right time, right place" positioning with major tech clients continues to fuel Integral's momentum in the booming digital ad market.
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