Digital Turbine shares are trading lower after the company reported worse-than-expected Q3 financial results and issued FY24 adjusted EPS and revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Digital Turbine's shares dropped following disappointing Q3 financial results and lower-than-expected FY24 adjusted EPS and revenue guidance.
February 08, 2024 | 1:47 pm
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Digital Turbine's shares fell due to poor Q3 performance and pessimistic FY24 earnings and revenue outlook.
The negative reaction in Digital Turbine's stock price is directly tied to its disappointing Q3 financial results and the issuance of FY24 guidance that fell short of market expectations. This news is likely to dampen investor sentiment in the short term, as it raises concerns about the company's future profitability and growth prospects.
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IMPORTANCE 90
RELEVANCE 100