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Magnite MGNI reported its Q2 earnings results on Tuesday, August 9, 2022 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Magnite missed estimated earnings by 17.65%, reporting an EPS of $0.14 versus an estimate of $0.17.
Revenue was up $23.24 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.0 which was followed by a 3.01% increase in the share price the next day.
Here’s a look at Magnite’s past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.08 | 0.24 | 0.18 | 0.12 |
| EPS Actual | 0.08 | 0.26 | 0.14 | 0.11 |
| Revenue Estimate | 107.01M | 140.02M | 116.62M | 94.10M |
| Revenue Actual | 118.08M | 161.29M | 131.87M | 114.54M |
To track all earnings releases for Magnite visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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Image and article originally from www.benzinga.com. Read the original article here.