PubMatic Q2 2024 Adj. EPS $0.17 Beats $(0.02) Estimate, Sales $67.267M Miss $70.123M Estimate
Portfolio Pulse from Benzinga Newsdesk
PubMatic (NASDAQ:PUBM) reported Q2 2024 adjusted EPS of $0.17, significantly beating the analyst estimate of $(0.02). However, sales of $67.267 million missed the $70.123 million estimate, though they increased by 6.22% year-over-year.
August 08, 2024 | 8:45 pm
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PubMatic reported Q2 2024 adjusted EPS of $0.17, beating the analyst estimate of $(0.02) by 950%. However, sales of $67.267 million missed the $70.123 million estimate, though they increased by 6.22% year-over-year.
The significant beat on EPS is likely to have a positive impact on the stock price in the short term, despite the slight miss on sales. The year-over-year sales growth also adds a positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100