Why Viant Technology Stock Was Soaring Today
Viant Technology (NASDAQ: DSP), a cutting-edge digital advertising specialist that leverages artificial intelligence (AI) to bolster competitiveness, reported its third-quarter results. These were well received by investors, not least because of a crushing beat on revenue. In midsession trading, Viant's stock price was up by a healthy 18% as a result.
Viant's revenue grew by 7% year over year to just under $85.6 million. Stripping seasonal factors (such as political advertising) out of the mix, that growth is 19%. The opposite dynamic occurred with net income according to generally accepted accounting principles (GAAP); this fell by 34% to $996,000, or $0.06 per share.
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Source Fool.com
