Digital Turbine Inc falls as Q3 revenue falls short of estimates

Digital Turbine

09/11/2023 16:07

** Advertising software firm Digital Turbine's  APPS.O 
shares fall 6.1% to $4.78
    ** Stock hits more than three-year low of $4.10 earlier in
the session
    ** Company forecasts Q3 revenue in the range of $144 mln to
$150 mln, vs est $151.1 mln - LSEG data
    ** Digital Turbine posts Q2 revenue of $143.3 mln vs est
$146.2 mln
    ** Company's Q2 adj earnings also miss Wall-Street estimates
    ** Stock down 67.3% YTD including session losses

 (Reporting by Purvi Agarwal in Bengaluru)
 ((Purvi.Agarwal@thomsonreuters.com))