Key takeaways
- Digital Turbine beat on sales and raised its revenue target, yet investors still rushed for the exits.
- Digital Turbine stock is at $8.73, down 23% in morning trading.
- The drop cuts a big run, and Digital Turbine stock remains up 75% year to date.
A revenue beat and a higher sales forecast weren't enough to protect Digital Turbine (NASDAQ:APPS), because the extra revenue isn't reaching the company's profit outlook. Digital Turbine stock is at $8.73, down 23% in morning trading.
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