PubMatic Shares Top 52-Week High in After-Hours Trade Following 4Q Results
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.
From the Equity Insider archive. This article dates from Feb 26, 2024 and is preserved as first published.
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.
After the bell, the company reported fourth-quarter earnings per share of 34 cents on revenue of $84.
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.
