Digital Turbine (NASDAQ: APPS) reported strong financial results for its fourth quarter, which ended on March 31. The company posted non-GAAP earnings per share of $0.10 on sales of $119.15 million, surpassing analysts’ expectations of $0.04 on revenue of $116.64 million. Despite a year-over-year decline in profit of approximately 16.7%, sales increased by 6.2%.
Following the announcement, Digital Turbine’s stock rose by 23.1% during the week, closing significantly higher than the previous week’s market close. The company also provided optimistic forward guidance, projecting annual revenue growth of around 6% with targeted sales between $515 million and $525 million for the year.
