RBC Capital Cuts Price Target on TubeMogul (TUBE) Following 2Q Results
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TubeMogul Reports Record Financial Results for Second Quarter 2015 and Raises Full Year 2015 Guidance
August 10, 2015 4:15 PM EDTEMERYVILLE, Calif., Aug. 10, 2015 (GLOBE NEWSWIRE) -- TubeMogul, Inc. (NASDAQ: TUBE), a leading enterprise software company for brand advertising, today reported financial results for its second quarter ended June 30, 2015.
Second Quarter 2015 Financial Highlights:
Total Spend1 was $105.0 million, an increase of 72% compared to $61.1 million in the second quarter of 2014. Revenue was $45.4 million, an increase of 58% compared to $28.7 million in the second quarter of 2014. Gross profit was $30.1 million, an increase of 54% compared to $19.6 million in the second quarter of 2014. Operating loss was $(1.5) million, compared to operating income of... More