PubMatic Q1 2024 Adj EPS $0.09 Beats $(0.11) Estimate, Sales $66.701M Beat $62.182M Estimate
Portfolio Pulse from Benzinga Newsdesk
PubMatic (NASDAQ:PUBM) reported Q1 2024 adjusted EPS of $0.09, surpassing the $(0.11) estimate, with sales of $66.701M exceeding the $62.182M forecast. This represents a 20.38% increase in sales compared to the same period last year.

May 07, 2024 | 9:37 pm
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PubMatic reported a significant beat on both EPS and sales estimates for Q1 2024, with a notable year-over-year sales increase.
Beating both EPS and sales estimates significantly, especially when the market expected a loss, indicates strong financial health and operational efficiency. This outperformance, coupled with a substantial year-over-year sales growth, is likely to positively influence investor sentiment and stock price in the short term.
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