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.

Image source: Getty Images.

Continue reading


Source Fool.com