Criteo Drops 8% on Q2 Earnings Outlook, Joining Rubicon in Ad-Tech Penalty Box  

This is a new one: “Ad tech penalty box”

 

Shares of advertising technology purveyors Criteo (CRTO) are down $3.57, or over 8%, at $39.43, after the company this morning reported Q1 revenue and profit that topped analysts’ expectations, but projected revenue slightly below consensus and affirmed its year outlook for revenue growth.Criteo’s results follow a report yesterday afternoon by competitor Rubicon Project (RUBI) of Q1 results above consensus but a disappointing revenue outlook for this quarter and for the full year. Rubicon shares are down $2.77, or 14%, at $16.92.

Source: Criteo Drops 8% on Q2 Earnings Outlook, Joining Rubicon in Ad-Tech Penalty Box – Tech Trader Daily – Barrons.com

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