APPS - Digital Turbine Stock Is Tumbling Thursday: What's Going On? | Benzinga
Digital Turbine Inc (NASDAQ:APPS) shares are trading lower Thursday after the company reported worse-than-expected financial results and issued guidance below analyst estimates.
- Q3 Revenue: $142.63 million, missed estimates of $146.21 million
- Q3 EPS: 15 cents, missed estimates of 17 cents
Total revenues were down 12% on a year-over-year basis. Net cash from operating activities totaled $11.7 million in the third quarter and the company generated $14.3 million in adjusted free cash flow.
“Weaker U.S. device upgrade rates and temporary platform consolidation factors represent near-term headwinds, but in no way ...