Digital Turbine Q1 Adj EPS $0.18 Beats $0.13 Estimate, Sales $146.37M Beat $142.90M Estimate
Portfolio Pulse from sunil@benzinga.com
Digital Turbine (NASDAQ:APPS) reported Q1 earnings of $0.18 per share, beating the analyst consensus estimate of $0.13 by 38.46%. However, this is a 52.63% decrease from the same period last year. The company also reported quarterly sales of $146.37 million, beating the estimate of $142.90 million by 2.43%, but this is a 22.41% decrease from the same period last year.
August 08, 2023 | 9:28 pm
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NEUTRAL IMPACT
Digital Turbine's Q1 earnings and sales beat estimates but are down from last year. This mixed result could lead to uncertain market reactions.
While Digital Turbine beat estimates for both earnings and sales, the fact that these figures are down significantly from the same period last year could lead to mixed reactions from investors. This could result in an uncertain short-term impact on the company's stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100