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Why Digital Turbine Stock Dropped Like a Rock This Morning

Why Digital Turbine Stock Dropped Like a Rock This Morning

Shares of Digital Turbine (NASDAQ: APPS) dropped like a rock on Thursday morning after the advertising technology (adtech) company reported financial results that disappointed the market. Not only was this a troubling year-over-year drop of 25% but it also dramatically underperformed management's revenue guidance of $180 million to $190 million.