ET 17:04

Headline: Digital Turbine Reports Q3 Earnings Boost, Shares Surge - APPS

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Earnings

[Para 1: The Lead] Digital Turbine Inc. (APPS) reported a fiscal Q3 net income of $5.1 million, a stark contrast to the loss in the same period last year. Shares of APPS surged in after-hours trading, reflecting the positive earnings report. [Para 2-3: Supporting details & Context] On a per-share basis, Digital Turbine earned 3 cents, adjusted for costs, marking a significant improvement over the previous year. Revenue for the quarter was $151.4 million, a healthy increase. The company projects full-year revenue between $553 million and $558 million, indicating strong growth momentum. Shares of APPS closed at $4.94, up from $2.54 a year ago, reflecting investor confidence in the company's financial health and future prospects.

EditorLim