Digital Turbine's fiscal Q1 earnings report showed a sales beat of approximately $9 million on revenue of $130.92 million, yet earnings fell short by $0.03. Despite this earnings miss, the company raised its full-year revenue forecast from between $515 million and $525 million to a new range of $525 million to $535 million. Concerns regarding the company's margin trajectory led to significant sell-offs, resulting in an 18% drop in stock price following the report.
Digital Turbine recorded non-GAAP (adjusted) earnings per share of $0.05 on revenue of $130.92 million in fiscal Q1. While sales for the period beat the average Wall Street analyst estimate by roughly $9 million, the company's earnings per share came in $0.03 lower than the target.
Digital Turbine is now guiding for full-year revenue to come in between $525 million and $535 million -- up from its previous guidance for sales to be between $515 million and $525 million.
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