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MARKETS LIVE BLOG:

STOCKS SURGE AS FED CHAIR FIRES UP RALLY

Rate-sensitive growth stocks climb, with Big Tech megacaps making gains

Digital Turbine: Fiscal Q1 Earnings Snapshot

Associated Press Finance
·1 min read

AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Digital Turbine Inc. (APPS) on Wednesday reported a loss of $25.2 million in its fiscal first quarter.

On a per-share basis, the Austin, Texas-based company said it had a loss of 25 cents. Earnings, adjusted for amortization costs and stock option expense, came to 7 cents per share.

The mobile software company posted revenue of $118 million in the period.

Digital Turbine expects full-year revenue in the range of $540 million to $560 million.

In the final minutes of trading on Wednesday, the company's shares hit $1.78. A year ago, they were trading at $10.46.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on APPS at https://www.zacks.com/ap/APPS