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Why Digital Turbine Stock Jumped 25.2% in October

Keith Noonan, The Motley Fool
·2 min read
Why Digital Turbine Stock Jumped 25.2% in October

There wasn't any major business-specific news behind the stock's climb last month, but the advertising company appears to have benefited from market momentum. With investors pouring back into growth stocks last month, it's not surprising that the stock managed to clock some big gains. Digital Turbine posted adjusted earnings per share of $0.44 on revenue of $310.2 million, while the average analyst estimate had guided for adjusted per-share earnings of $0.39 on revenue of $306.5 million.

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