TubeMogul (TUBE) Reports In-Line Q1 EPS; Issues Solid Outlook

TubeMogul (NASDAQ: TUBE) reported Q1 EPS of ($0.23), in-line with the analyst estimate of ($0.23). Revenue for the quarter came in at $42.1 million versus the consensus estimate of $41.77 million.

“We had a fantastic start to the year and were particularly pleased with the strength in our Platform Direct business in the quarter,” said Brett Wilson, CEO of TubeMogul. “The momentum we are seeing is a testament to our focus on servicing an increasing portion of our clients’ overall video buys. With the addition of social inventory through Facebook and Instagram video, we have created a truly holistic brand advertising platform that is enhanced by our cross-screen planning software.”

GUIDANCE:

TubeMogul sees Q2 2016 revenue of $57-59 million, versus the consensus of $57 million.

TubeMogul sees FY2016 revenue of $226-232 million, versus the consensus of $226.6 million.

For earnings history and earnings-related data on TubeMogul (TUBE) click here.

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