Shares of PubMatic were higher after the bell following the release of fourth-quarter financial results and news the company’s board expanded the share buyback plan by $100 million.
After the bell on Monday, PubMatic shares were up 30.6%, at $21.65 each, surpassing a 52-week high. The stock touched $20.08 on Aug. 1, 2023.
PubMatic shares ended the day’s regular session with a 1.28% gain, closing at $16.57.
After the bell, the company reported fourth-quarter earnings per share of 34 cents on revenue of $84.6 million. In the year-ago period, the company reported EPS of 22 cents on revenue of $74.2 million.
PubMatic said it was expecting revenue to be in the range of $61 million to $63 million for the first quarter.
The cloud company also said its board authorized an extension of an existing share repurchase program for up to an additional $100 million of Class A common stock through the end of 2025.