Tremor Video Earnings: Here’s Why the Stock is Rising Now
Tremor Video Inc (NYSE:TRMR) had a loss 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 down 1.61%.
Tremor Video Inc Earnings Cheat Sheet
Revenue: Decreased 0% to $35.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Tremor Video Inc reported adjusted EPS loss of $0.04 per share. By that measure, the company beat the mean analyst estimate of $-0.07. It beat the average revenue estimate of $32.31 million.
Quoting Management: “Our strong results in Q2 reflect our leadership position in the online video market,” said Bill Day, President & CEO of Tremor Video. “We delivered record in-stream revenue and earnings, reflecting the strength of our technology and our business model. Our focus on brand performance technology and solutions, premium content partnerships and transparency is creating a solid foundation for long-term growth.”
Key Stats (on next page)…