DG FastChannel Earnings: Here’s Why the Stock is Up Now
DG FastChannel, Inc. (NASDAQ:DGIT) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 5.76%.
DG FastChannel, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 350% to $0.09 in the quarter versus EPS of $0.02 in the year-earlier quarter.
Revenue: Decreased 0.04% to $96.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: DG FastChannel, Inc. reported adjusted EPS income of $0.09 per share. By that measure, the company beat the mean analyst estimate of $0.02. It beat the average revenue estimate of $92.59 million.
Quoting Management: “We continue to make solid progress in our online business as demand builds for our digital campaign management platform,” said Neil Nguyen, CEO of DG. “The 19% increase in our online business this quarter reflects customers’ growing use of video, data driven campaign optimization and greater campaign insights through our new analytics tools. It is clear to me that DG’s ongoing development is fully aligned with our customers in helping them reach, optimize, analyze and deliver their online campaigns around the globe.”
Key Stats (on next page)…