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TubeMogul reports 1Q loss

EMERYVILLE, Calif. (AP) _ TubeMogul Inc. (TUBE) on Monday reported a loss of $8.3 million in its first quarter.

The Emeryville, California-based company said it had a loss of 23 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 19 cents per share.

The video ad-buying software company posted revenue of $42.1 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $42.4 million.

For the current quarter ending in July, TubeMogul said it expects revenue in the range of $57 million to $59 million.

The company expects full-year revenue in the range of $226 million to $232 million.

TubeMogul shares have dropped 5 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $12.89, a decrease of 12 percent in the last 12 months.


This story was generated by
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Keywords: TubeMogul, Earnings Report

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