PubMatic: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
PubMatic (NASDAQ:PUBM) reported Q3 earnings, beating estimated earnings by 380.0% with an EPS of $0.14, against an estimate of $-0.05. However, revenue was down $823 thousand from the same period last year. Last quarter, the company also beat EPS estimates, but this was followed by a 33.73% drop in the share price the next day.
November 08, 2023 | 9:55 pm
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NEUTRAL IMPACT
PubMatic's Q3 earnings beat estimates significantly, but revenue was down from last year. Previous earnings beat was followed by a significant share price drop.
While PubMatic's significant beat on earnings estimates is a positive sign, the decrease in revenue compared to last year and the previous share price drop following an earnings beat introduce uncertainty about the short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100