Why PubMatic Stock Plummeted Today

PubMatic (NASDAQ: PUBM) stock got hit with big sell-offs in Friday's trading. The advertising-technologies company's share price closed out the daily session down 23.9%. The S&P 500 index closed out the day up 1.5%, and the Nasdaq Composite ended the session up 1.6%.PubMatic reported its fourth-quarter results after the market closed, and posted earnings that beat the market's expectations. On the other hand, sales missed Wall Street's guidance -- and the company's forward guidance raised a big red flag.PubMatic posted non-GAAP (adjusted) earnings per share of $0.41 on sales of $85.5 million in Q4. For comparison, the average analyst estimate had called for the business to post adjusted earnings per share of $0.37 on sales of $88.2 million. Revenue for the period was up just 1.1% year over year, and earnings per share were down 8.9% compared to the prior-year period. PubMatic's margins weakened along key lines, and the company's forward guidance didn't offer much for investors to be excited about. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool