Digital Turbine Inc. (NASDAQ:APPS) shares are trading lower Tuesday despite the company reporting better-than-expected fiscal second-quarter results Monday after the market closed.
- Digital Turbine stock is feeling bearish pressure. What’s behind APPS decline?
Digital Turbine Beats Estimates as Both Business Segments Grow More Than 20%
Digital Turbine reported fiscal second-quarter adjusted earnings per share of 18 cents, beating the consensus estimate of 17 cents. It reported revenue of $178.683 million, beating the consensus estimate of $166.750 million. On Device Solutions revenue before intercompany eliminations was $115.6 million, up 20% from a year earlier, and App Growth Platform revenue was $63.5 million, up 42%.
“Our strong second quarter results are further testament to the positive momentum underlying the business,” said Bill Stone, Digital Turbine’s CEO. He said the results provide greater conviction that the company has the right team, platform and market position.
Digital Turbine Raises Full Year Guidance
Digital Turbine raised its fiscal 2027 revenue guidance to a range of $670 million to $690 million from the previously communicated range of $650 million to $670 million. Analysts estimate revenue of $665.291 million for the quarter.
Digital Turbine Shares Drop
APPS Price Action: At the time of publication, Digital Turbine shares are trading 22.57% lower at $8.75, according to data from Benzinga Pro.
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