The Rubicon Project (RUBI) Post Smaller-than-Expected Q1 Loss, Sales Beat; Issues Solid Outlook

The Rubicon Project (NYSE: RUBI) reported Q1 EPS of ($0.15), $0.26 better than the analyst estimate of ($0.41). Revenue for the quarter came in at $23 million versus the consensus estimate of $20.28 million.

The Rubicon Project sees Q2 2014 EPS of ($0.24)-($0.21), versus the consensus of ($0.24). The Rubicon Project sees Q2 2014 revenue of $24.5-25.5 million, versus the consensus of $24.1 million.

The Rubicon Project sees FY2014 EPS of ($0.6)-($0.5), versus the consensus of ($0.51). The Rubicon Project sees FY2014 revenue of $110-114 million, versus the consensus of $110.53 million.

“I’m pleased to report record first quarter results,” said Frank Addante, CEO and Chief Product Architect of Rubicon Project. “RTB drove our revenue growth for the quarter, as we continue to outpace the estimated growth of the RTB market. We’re executing well across all of our growth initiatives and remain excited about our market opportunity.”

For earnings history and earnings-related data on The Rubicon Project (RUBI) click here.

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