Motley Fool

Why PubMatic Stock Exploded Higher on Wednesday

Shares of PubMatic (NASDAQ: PUBM) charged sharply higher Wednesday, surging as much as 33.2%. PubMatic delivered revenue of $58.1 million, up 54% year over year, allaying investor fears that its growth story might take a hit. To give the top and bottom-line results some context, analysts’ consensus estimates were calling for revenue of $52.5 million and EPS of $0.10, so this was by all accounts a blowout.

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