Digital Generation Earnings: Here’s Why the Stock is Up Now
Digital Generation (NASDAQ:DGIT) had a loss and met 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 0.41%.
Digital Generation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.04 in the quarter versus EPS of $0.05 in the year-earlier quarter.
Revenue: Decreased 0.92% to $92 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Digital Generation reported adjusted EPS loss of $0.04 per share. By that measure, the company met the mean analyst estimate of $-0.04. It beat the average revenue estimate of $91.48 million.
Quoting Management: “With double digit growth in the quarter, the online business is experiencing higher demand for our ad serving platform, with its unmatched analytics capabilities,” said Neil Nguyen, CEO and President of DG. “Our ability to deliver innovative and effective multi-screen advertising aligns directly with the industry’s growth in online video. We are confident about our unique positioning at the center of this video-centric advertising and expect continued momentum in our video and online business.”
Key Stats (on next page)…