Digital Turbine: Q2 Earnings Insights
Portfolio Pulse from Benzinga Insights
Digital Turbine (NASDAQ:APPS) reported Q2 earnings, missing estimates by 7.14% with an EPS of $0.13 versus an estimate of $0.14. Revenue was down $31.60 million from the same period last year. Last quarter, the company beat EPS estimates by $0.05, which was followed by an 8.29% drop in the share price the next day.
November 08, 2023 | 9:20 pm
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NEGATIVE IMPACT
Digital Turbine's Q2 earnings missed estimates and revenue was down YoY. Last quarter's EPS beat was followed by a share price drop.
Digital Turbine's earnings miss and lower revenue could negatively impact investor sentiment, potentially leading to a drop in the share price. This is further supported by the fact that last quarter's EPS beat was followed by a share price drop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100