These Analysts Slash Their Forecasts On PubMatic After Q2 Results
PubMatic reported Q2 earnings of 5 cents per share, surpassing estimates. Q2 sales reached $71.09 million, beating the $67.77 million consensus. Guidance for Q3 sales falls short at $61-66 million versus $70.54 million. Analysts downgraded price targets following earnings; mixed sentiments persist. Shares plummeted 21.1%, now trading at $8.34 after the announcement.
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