Digital Turbine Slides After Posting 3Q Loss, Forecasting Slowdown [MarketWatch]
Digital Turbine, Inc. (APPS)
Last digital turbine, inc. earnings: 2/10 04:15 pm
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ir.digitalturbine.com
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Source: MarketWatch
The Austin, Texas, digital-ad services firm swung to a loss of $14.1 million, or 14 cents a share, for the quarter ended in December, in contrast to a profit of $4.02 million, or 4 cents a share, a year earlier. Advertisement For the year ending in March, Digital Turbine projected adjusted earnings of 50 cents to 54 cents a share, on revenue of $547 million to $553 million. "Weaker U.S. device upgrade rates and temporary platform consolidation factors represent near-term headwinds, but in no way impact our broader outlook on the tremendous market opportunity in front of us, particularly with respect to the prevailing winds of change in the alternative app distribution world," said Chief Executive Bill Stone, in a statement. Shares of Digital Turbine slid 17% to $4.16 premarket, and are down more than 50% in the last six months. Write to Rob Curran at rob.curran@wsj.com
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News
- Digital Turbine and Qrious Insight Unveil 3 New "Game-Changing Shift" Reports At IAB NewFronts [Yahoo! Finance]Yahoo! Finance
- Digital Turbine, Inc. (NASDAQ: APPS) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Digital Turbine, Inc. (NASDAQ: APPS) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Digital Turbine, Inc. (NASDAQ: APPS) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Digital Turbine: Do Not Buy This Stock [Seeking Alpha]Seeking Alpha
APPS
Earnings
- 2/7/24 - Beat
APPS
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- APPS's page on the SEC website