Why Digital Turbine Stock Is Plummeting Today
Digital Turbine (NASDAQ: APPS) stock is getting crushed Wednesday following the company's latest earnings report. The digital marketing player's share price was down 18% as of 1 p.m. ET.
After the market closed yesterday, Digital Turbine published results for the first quarter of its current fiscal year -- a period that ended June 30. Despite raising its full-year sales outlook in conjunction with the report, the company's stock is falling due to investors' concerns about profitability.
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Source Fool.com
