Criteo: Jumps after raising Q2 revenue forecast

Criteo SA (Pre-Reincorporation)

06/07/2020 16:37

** Online advertising and technology co's shares  CRTO.O 
rise ~18% to $13.43 - set for the best day in over a month
    ** Co lifts forecast for Q2 revenue excluding traffic
acquisition costs to a range of $174 mln to $175 mln, from $140
mln to $147 mln previously  urn:newsml:reuters.com:*:nPn2Ys0yGa
    ** Analysts on average had expected revenue of $146.4 mln -
Refinitiv data
    ** CRTO also raises adj. EBITDA forecast to the range of $32
mln to $33 mln, from of $0 to $7 mln earlier
    ** Despite session's gains, stock is down 22.5% YTD

 (Reporting by Ayanti Bera in Bengaluru)
 ((Ayanti.Bera@thomsonreuters.com; 646 223 8780 - 3401;))