These Analysts Slash Their Forecasts On PubMatic After Q2 Results

PubMatic, Inc. (NASDAQ:PUBM) reported upbeat financial results for the second quarter and issued third-quarter sales guidance below estimates on Monday.

PubMatic reported quarterly earnings of 5 cents per share which beat the analyst consensus estimate of a loss of 16 cents per share. The company reported quarterly sales of $71.09 million which beat the analyst consensus estimate of $67.77 million.

PubMatic said it sees third-quarter sales of $61.000 million to $66.000 million, versus market estimates of $70.54 million.

“We delivered a strong second quarter, with revenue and adjusted EBITDA exceeding expectations. We added new publishers, streamers and ad buyers ...