Digital Turbine soars after Q1 beat, raised annual outlook
BUZZ-Digital Turbine soars after Q1 beat, raised annual outlook ** Mobile advertising platform Digital Turbine's APPS.O shares soar 42.6% to $13.56 on Weds after qrtrly results topped analysts' estimates and co raised full-yr rev forecast
** APPS hits over three-yr high and on course for steepest daily pct gain since Jun 2025
** Austin, Texas-based firm late Tues reported fiscal Q1 rev of $166 mln, up 27% yr/yr, above LSEG consensus, citing performance in its Growth Platform segment and AI-driven enhancements
** Adj EPS in qtr of 19 cents beat 14 cents/sh profit modeled by analysts
** It raised fiscal 2027 rev outlook to $650-$670 mln from prior guidance of $630-$650 mln
** All 4 analysts covering the stock are bullish; median PT $14 - LSEG
** With the advance, stock up about 170% YTD
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))